News
UK Court Rules against Nigeria in $5Bn Bonga Oil Spill Case

British Supreme Court has cleared Shell, petroleum giants, after a 12-year battle with the Nigerian govt over the Bonga field oil spill.

The judgment is a fallout of years of litigation between the oil giant, Shell Nigeria Exploration and Production Company (SNEPCo) and victims of the 2011 Bonga oil spill which affected about 350 communities across the Niger-delta region.
While transporting crude from the company’s Float Production Storage and Offloading (FPSO) vessel at the Bonga deep offshore on December 20, 2011, the export line ruptured and spewed about 40,000 barrels (6.4 million litres) of crude oil into the sea.
According to the National Oil Spill Detection and Response Agency (NOSDRA), SNEPCo incurred a penalty of $5 billion as compensation for the damages done to natural resources and consequential loss of income by the affected shoreline communities.
NOSDRA further confirmed that during the course of the investigation, it was revealed that the oil spill had affected 285,000 persons from 350 communities and satellite villages within the contact area of the spill.
After failing to get SNEPCo to abide by the judgement of the high court in Nigeria, a group of Nigerians who were affected by the spill under the aegis of Oil Spills Victims Vanguard, OSVV, made up of about 27,800 individuals across the affected communities filed a case at the TTC High Court of Justice in London in 2017 on behalf of all the victims of Bonga oil spill.
The group in their prayers, asked the UK court to compel SNEPCo to pay the $5 billion fine imposed on it by the Nigerian government.
However, while delivering the judgement, the panel of five Supreme Court justices unanimously upheld the ruling of the two lower courts which held that the six-year time frame allowed for taking action on such cases had elapsed before the group presented the case for hearing.
Shell noted that the judgment of the British Supreme Court had ended all litigation in English courts related to the spill.
Therefore we have confidence that we can do business together. To us at NAPET, this partnership is strategic and a welcome development,” he added.
News
LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts, Others

Lagos Internal Revenue Service (LIRS) pursuant to Section 60 of the Nigeria Tax Administration Act (NTAA), plans to ask Nigerian banks to debit bank accounts of employers who failed to remit tax liability.

This was disclosed in a recent notice on Sunday.
LIRS stressed that the move was in line with the implementation of the country’s NTAA and other new tax laws, which took effect on January 1, 2026.
“Where a taxpayer fails, neglects, or refuses to settle any established outstanding tax liability when due, LIRS may exercise its power under Section 60 to direct any of the following persons to pay the amount owed by the taxpayer:
“Banks and other financial institutions; Employers; tenants, debtors, or customers of the taxpayer; Agents, business partners, and any person holding money on behalf of the taxpayer; Any person owing money to the taxpayer, whether presently due or accruing. Once a substitution notice is issued, the person served is statutorily required to remit to LIRS the amount. Specified in the notice from funds belonging to, or payable to, the defaulting taxpayer,” the LIRS notice partly read.
Meanwhile, Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, weeks ago ruled out claims that the government would debit personal accounts over tax remittances.
News
Anambra Cuts Monday Pay to Kill Sit-at-Home

Anambra State will implement pro-rata salary payments for civil servants starting February 2026, targeting chronic Monday absenteeism from the long-running sit-at-home order, Information Commissioner Dr. Law Mefor announced Saturday.

Soludo
Speaking at an Awka briefing after the Executive Council’s end-of-tenure retreat, Mefor said improved security and transport have eliminated excuses for the four-year disruption, which cost the state trillions in lost revenue. “Workers enjoyed full pay despite staying away; now, no work means no pay for that day, calculated over 24 working days,” he stated.
Compliance measures include mandatory Monday clock-in forms, with markets urged to reopen fully amid bolstered security. This builds on a January 22 executive order docking 20% pay from teachers absent on Mondays.
Mefor warned that lost Mondays cripple revenue collection and productivity, rejecting alternatives like Saturday shifts as capitulation to agitators.
News
Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.
“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.
Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.
To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.
Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.
“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.
He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.
General News2 days agoPalmPay User Shares Experience on Fintech Apps to Trust in Nigeria
News2 days agoStakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit
General News2 days agoNigerians Target Self-Improvement, Business Startups in 2026 Google Data
News2 days ago35 Million Nigerians Face Acute Hunger in 2026, UN Warns
General News2 days agoHow Inside Jobs and Policy Shocks Trigger Nigeria’s Rising Loan Crisis
E-Financial11 hours agoFirst Asset Management Receives Upgraded Ratings from Agusto &Co and DataPro
General News11 hours agoNigeria Treats Religious Violence as Attack on State – NSA Ribadu
News11 hours agoAnambra Cuts Monday Pay to Kill Sit-at-Home

















