Davidson Iriekpen
The High Court of the Federal Capital Territory in Jabi, Abuja, yesterday ordered the sale of an Abuja hotel owned by Obat Oil and Petroleum Limited to offset N5 billion debt it owes Ecobank Plc.
The judge, Hassan Babangida, gave the other in a suit filed by Ecobank.
The hotel in question, Febson Hotels & Malls, is located at Plot 2425, Herbert Macaulay Way, Abuja.
Obat Oil, the firm which owns the property, was founded by an oil mogul and popular monarch, the Olugbo of Ugbo Kingdom in Ilaje Local Government Area of Ondo State, Oba Fedrick Akinruntan, who was in 2014 ranked by Forbes magazine as the second richest king in Africa and the richest in Nigeria.
Views: Visits 138
The High Court of the Federal Capital Territory in Jabi, Abuja, on Thursday, ordered the sale of an Abuja hotel owned by Obat Oil and Petroleum Limited to offset N5 billion debt it owes Ecobank Plc.
The judge, Hassan Babangida, gave the order in a suit filed by Ecobank.
The hotel in question, Febson Hotels & Malls, is located at Plot 2425, Herbert Macaulay Way, Abuja.
Obat Oil, the firm which owns the property, was founded by an oil mogul and popular monarch, the Olugbo of Ugbo Kingdom in Ilaje Local Government Area of Ondo State, Fedrick Akinruntan, who was in 2014 ranked by Forbes magazine as the second richest king in Africa and the richest in Nigeria.
Azikel Petroleum Limited Expects to Complete Nigeria Refinery by Mid-2023, an Industrial Info Market Brief
Industry Segment: Market Brief | Word Count: 68 Words
Azikel Petroleum Limited expects to complete construction of its 12,000-barrel-per-day (BBL/d) grassroot refinery at Yenagoa in Nigeria by mid-2023. Azikel Petroleum has awarded the engineering, procurement and construction (EPC) contract to Chemie Tech LLC.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;