Business
Bayelsa Guber: Why Court Disqualified APC Candidate, Sylva

The Federal High Court sitting in Abuja has disqualified the candidate of the All Progressives Congress, APC, for the governorship election billed to hold in Bayelsa State on November 11, Mr. Timipre Sylva.
The court, in a judgement that was delivered by Justice Donatus Okorowo, held that Sylva, who is the immediate past Minister of Petroleum Resources, was not eligible to participate in the gubernatorial contest having already spent five years in office as governor of the state.
The court stressed that since the 1999 Constitution, as amended, okayed a maximum tenure of eight years for a governor, should Sylva contest and win the impending election, he would exceed the constitutional threshold by spending a total of nine years in office.
Justice Okorowo held that uncontroverted evidence that was adduced before the court, established that Sylva had earlier taken the oath of office as Bayelsa state governor, on two occasions.
READ ALSO: IMF Retains Nigeria’s Economic Growth Forecast At 3.2%
Relying on a Supreme Court decided case-law in Marwa Vs Nyako, the judge held that the constitution could not be stretched to elongate the statutory period that someone could serve as a governor in the country.
Consequently, he declared that Sylva was not a valid candidate for the forthcoming Bayelsa state governorship poll.
The court directed the Independent National Electoral Commission, INEC, to remove his name from the list of candidates for the election.
The judgement followed a suit marked: FHC/ABJ/CS/821/2023, which was brought against Sylva by a chieftain of the APC in the state, Mr. Demesuoyefa Kolomo.
The plaintiff had in the suit he filed on June 13, prayed the court to among other things, determine: “Whether having regard to the indisputable fact that Sylva occupied the office of governor of Bayelsa from May 29, 2007, to April 15, 2008, and May 27, 2008, to January 27, 2012, he is qualified to contest and be elected for another four years term in view of section 180(2)(a) of the 1999 Constitution (as amended).”
READ ALSO: IMF Rates eNaira Performance Low
Upon the determination of the legal question, the plaintiff sought a declaration that by virtue of Section 182(1)(b) of the 1999 Constitution (as amended), Sylva, was not qualified to contest the election to the office of the governor of Bayelsa on the APC platform or on any other political party’s platform in the election.
He further sought an order directing INEC to remove Sylva’s name from the list of the contestants into the office of the governor of Bayelsa on the APC platform or any other political party’s platform in the 11 November election or any other time for that matter as he was not qualified to contest the said poll.
The plaintiff told the court that he is not only a member of the APC, but also a registered voter in the state.
He averred that the ex-Minister was first elected to the office of governor on April 14, 2007 and assumed the said office on May 29, 2007, and was in the said office until April 15, 2008 when his election on April 14, 2007, was set aside by the court and he was removed from office.
Cited as 1st to 3rd defendants in the matter, were Sylva, the APC and the INEC, respectively.
READ ALSO: Why We’re Happy With IMF Growth Forecast For Nigeria – Emefiele
Meanwhile, Sylva had in his defence, argued that he had only occupied the office of the governor of Bayelsa on one occasion, adding that he was elected into office on May 27, 2008.
In a counter-affidavit he filed before the court, Sylva contended that no valid election held in the state in 2007.
“I have only occupied the office of the governor of Bayelsa state on one occasion. I was elected as the governor of Bayelsa State on 27th May, 2008.
“Contrary to paragraph 5 of the affidavit, I know that by virtue of the Court of Appeal judgment referred to, that is now reported as Amgbare Vs. Sylva (2009) 1 NWLR (Pt. 1121), there was no election in Bayelsa State in 2007,” he added.
The erstwhile governor maintained that it was within his constitutional and legal rights to participate in the governorship contest.
He argued that sections 180 (2)(a) and 182 (1) (b) of the Constitution was not applicable in his case, a position that Justice Okorowo dismissed in his judgement.
The court held that it found merit in the case of the plaintiff.
Business
NNPCL Announces Restoration Of Escravos-Lagos Pipeline

The Nigerian National Petroleum Company Limited (NNPCL) has announced the complete restoration of the Escravos-Lagos Pipeline System (ELPS) in Warri, Delta State, following the recent explosion on the asset.
The chief corporate communications officer (CCCO) of the nation’s oil company, Andy Odeh, in a statement, said that the pipeline is fully operational, reiterating the company’s resilience and commitment to energy security.
“NNPC Limited is pleased to announce the successful restoration of the Escravos-Lagos Pipeline System (ELPS) in Warri, Delta State.
READ ALSO:Fuel Price Cut: NNPCL GCEO Ojulari Reveals Biggest Beneficiaries
“Following the unexpected explosion on December 10, 2025, we immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with multidisciplinary teams to ensure the damaged section was repaired, pressure-tested, and safely recommissioned.
“Today, the pipeline is fully operational, reaffirming our resilience and commitment to energy security. This achievement was made possible through the unwavering support of our host communities, the guidance of regulators, the vigilance of security agencies, and the dedication of our partners and staff.
“Together, we turned a challenging moment into a success story, restoring operations in record time while upholding the highest standards of safety and environmental stewardship.
“As we move forward, NNPC Limited remains steadfast in its pledge to protect our environment, safeguard our communities, and maintain the integrity and reliability of our assets. Thank you for your trust as we continue to power progress for Nigeria and beyond,” the statement read.
Business
Dangote Unveils 10-day Credit Facility For Petrol Station Owners

The Dangote Group has announced a 10-day credit facility backed by a bank guarantee for petrol station owners and dealers, alongside free direct delivery and other incentives, as part of a new supply arrangement.
The company disclosed this in a statement posted on its official X handle on Tuesday, inviting petrol station operators across the country to register to benefit from the offer.
According to the statement, participating dealers will enjoy “a 10-day credit facility backed by a bank guarantee,” with a minimum order requirement of 5,000 litres.
“Our free direct delivery service will commence soon,” the group said, adding that the offer is open to “all petrol station owners and dealers.”
READ ALSO:Dangote Sugar Announces South New CEO
The Dangote Group further called on operators to register their stations to access the supply arrangement.
“Register your petrol stations today to benefit from our competitive gantry price,” the statement read.
The company also disclosed that petrol supplied under the arrangement will be sold at a gantry price of ₦699 per litre.
For enquiries, the group provided the following contact numbers: 0802-347-0470, 0809-324-7070, 0809-324-7071 and 0203.
READ ALSO:Dangote Refinery Dispute: PENGASSAN Suspends Strike After FG Intervention
The announcement follows a recent petrol price adjustment by the Dangote Petroleum Refinery.
The PUNCH earlier reported that the refinery reduced its ex-depot petrol price from ₦828 to ₦699 per litre, representing a ₦129 cut or a 15.58 per cent reduction.
An official of the refinery, who spoke to PUNCH Online on condition of anonymity, confirmed the adjustment, saying, “The refinery has reduced petrol gantry price to ₦699 per litre.”
The new price reportedly took effect on December 11, 2025, marking the 20th petrol price adjustment announced by the refinery this year.
Business
JUST IN: Otedola Sells Shares In Geregu Power For N1trn

Billionaire businessman, Femi Otedola, has sold his majority stake in Geregu Power Plc for N1.088 trillion in a deal financed by a consortium of banks led by Zenith Bank Plc.
The Nigerian Exchange, NGX, made this announcement on Monday.
Otedola’s Amperion Power Distribution Company Ltd reportedly held nearly 80 percent of the power generating company.
READ ALSO:N200b Agric Credit Dispute: Appeal Court Slams NAIC, Upholds First Bank Victory
With this new development, Otedola, Chairman of First Holdco Ltd, parent company of First Bank of Nigeria Plc, will reportedly now concentrate on expanding his interest in the Nigerian banking sector, although he still retains some shares in Geregu.
Otedola is said to currently own 17.01 percent of First Bank — its single largest shareholder since the bank was established in 1894.
News4 days agoBREAKING: Anthony Joshua Involved In Road Accident
News5 days agoEx-Edo Gov Obaseki Reacts As His Cousin Is Beaten, Stripped
Politics4 days agoYou’re Not 001 – Wike Rubbishes Claims Of Fubara Being APC Leader In Rivers
Metro5 days agoObaseki Beaten, Stripped In Edo
Politics4 days agoWike Speaks On Defecting To APC
Politics3 days agoJUST IN: INEC Excludes PDP From Ekiti Governorship Election
News4 days agoDoris Ogala: How Pastor Chris Knelt Before Church, Begged For Forgiveness [Video]
News4 days agoNAF Neutralizes Bandits At Turba Hill, Kachalla Dogo Sule Camps
Politics4 days agoGo To Hell, You Didn’t Pay My School Fees – Wike Hits Seyi Makinde
News3 days agoNigerian Army Finally Reveals Details Of US Military-led Airstrikes In Sokoto













