Last week, we presented the judgment of the Investments and Securities Tribunal, IST, in respect of an originating application filed by the Securities and Exchange Commission, SEC, against Union Bank of Nigeria Plc – UBN and 19 others. The presentation covered the trial and the submissions of the parties.

Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Engr. Andrew Yakubu, has said that Nigerian oil and gas community was at the ongoing Offshore Technology Conference, OTC, to display the technology available in the country as well as tap from latest technology globally.

The House of Representatives, Arewa Youths and Governor Babangida Aliyu of Niger State were among other Nigerians, who Tuesday, urged the Inspector General of Police, IGP, Mohammed Abubakar, to investigate the Presidential Adviser on Niger-Delta Amnesty Programme, Kingsley Kuku, as well as the former leader of Niger Delta Volunteer Force, NDVF, Alhaji Mujaheed Asari-Dokubo, over alleged “inciting statements” capable of causing disaffection in the country.

The Police, yesterday, arraigned a 19-year-old boy, Kabiru Ibrahim, in a Kano Magistrates’ Court for killing his 75-year-old master, Alhaji Rabi’u Goga.

KIDNAPPERS, last week, invaded Olo Community in Ezeagu local government area,Enugu state and abducted a young man that just returned from Europe together with his maternal brother.

TOP information technology firm, Signal Alliance is going into partnership with SAP on Enterprise Assets Management. The partnership was announced last week in Lagos at a briefing held by representatives of both firms.

The nation’s political landscape was redefined, yesterday, after Governor Rochas Okorocha of Imo State defected from the All Progressive Grand Alliance, APGA, to the yet unregistered All Progressive Congress, APC.

ORGANISED labour has called on the National Assembly to use the opportunity provided by the ongoing process of the Petroleum Industry Bill, PIB, to order the genetic fingerprinting of Nigeria’s Petroleum assets to check the massive theft of the nation’s crude oil, warning that Nigeria is bleeding and needs help.

Even in their anger and frustration, there is still a very high sense of humour noticeable amongst Nigerians. In the usual maddening Lagos traffic, one could hear both drivers and passengers raining abuses on one another all in the name of venting their anger.

Boko Haram militants, yesterday, launched series of coordinated attacks on Police, Army and Prison formations in Bama town, Borno State, leaving no fewer thatn 55 persons dead.

Since 1994, the Chrome Group, a leading indigenous conglomerate has been operating successfully in Nigeria. The group has over 10 active subsidiaries with interests in different sectors of the economy which include Oil and Gas, Insurance, Real Estate, the Power Sector, Telecommunications and Logistics and have so far achieved tremendous growth.

ILORIN— Kwara State government has begun the sensitisation of people living in flood prone areas of the state, with a view to relocating them before the period of heavy rains in the state.

Speaker of Delta State House of Assembly, Mr Victor Ochei, has urged public spirited individuals and organisations to establish a synergy with the state government to enhance the overall development of Delta State.

When President Goodluck Jonathan signed into law the Nigerian Content Act, on April 22, 2010, it was intended among other reasons, to build local capacity and competencies, increase indigenous participation in the oil and gas industry and boost industry contributions to the growth of Nigeria’s gross domestic product.

NATONY is one of the very successful stories of indigenous firms that have grown over time to the level of being able to compete internationally. In this interview with the Managing Director of the firm, Mr. Nath Agbonifo, in an interview told Godwin Oritse that the government is trying to politicize the law by using it to patronize its cronies. He warned that until government allowed firms that are truly involved in the oil and gas business, the law may not achieve the purpose of building indigenous capacity. Excerpts: