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How Justice Onnoghen Wants To Save His Reputation

Published

7 years ago

April 20, 2019

Eric

By: Oshewa Promise

The suspended Chief Justice of Nigeria, Justice Walter Onnoghen has filed an appeal against the guilty judgement and ban by the Code of Conduct Tribunal.

A copy of his Notice of Appeal made available to The Boss indicates that he has filed a 16-point appeal with a view of upturning the CCT and restore what remains of his image. It will be recalled that on Thursday, having found Onnoghen guilty, the tribunal chaired by Justice Danladi Umar removed him from office as Chief Justice of Nigeria, as Chairman of the National Judicial Council (NJC), and as Chairman of the Federal Judicial Service Commission (FJSC). It also said Onnoghen is to forfeit the money in his five bank domiciliary accounts that were not declared to the Nigerian Government because they were acquired illegally, and as well barred him from holding public office for the next 10 years.

However, in the appeal filed at the Registry of the tribunal shortly after the judgment, Onnoghen faulted the judgement on 16 grounds, and urged the Court of Appeal to set it aside. He asked the Court of Appeal to hold that the CCT lacked the jurisdiction to hear the charge and that the tribunal ought to have recused itself from the trial. He also prayed the Appeal Court to set aside all the orders made by the tribunal in the judgment, including that of forfeiture of his five domiciliary accounts to the Nigerian government.

“The lower tribunal erred in law when it dismissed the Appellant’s application challenging its jurisdiction and thus occasioned a grave miscarriage of justice”

“The lower tribunal erred in law when it dismissed the Appellant’s application seeking the chairman to rescue himself from further proceedings on the ground of real likelihood of bias and thus occasioned a miscarriage of justice”

“The lower tribunal erred in law when it refused to recuse itself from the proceedings in view of the open declaration by the Chairman of the tribunal that he is only accountable to the President, who appointed him and nobody else, because he is not a judicial officer and thus, occasioned a grave miscarriage of justice,” he said.

“The lower tribunal erred in law when it held that the appellant confessed to the charges framed by admission and used that as a basis to hold that the appellant did not declare his assets from the year 2005 when he became a justice of the Supreme Court and thus occasioned a grave miscarriage of justice.

“The lower tribunal erred in law when it held that the evidence of DW1 and exhibit DW2 tendered it has affirmed the statement of the appellant that he forgot to make a declaration in 2009 but did in 2010 when he remembered showing there was a declaration after all contrary to count one of the charge.”

“The lower tribunal erred in law when it held that the appellant is guilty of counts 2 – 6 of the charge in view of the fact that the appellant made an admission that he did not declare the Standard Chartered Bank account numbers in the 2014 declaration and thus occasioned a miscarriage of justice.”

“The lower tribunal erred in law when it held that the appellant made false statement by the omission to declare the account numbers in Standard Chartered Bank in 2014 declaration, the same way he did in the 2016 declaration and held counts 2 – 6 to be proved to be proved and thus occasioned miscarriage of justice.”

“The lower tribunal erred in law and acted without jurisdiction when it ordered that the assets of the Appellant be confiscated and thus occasioned a miscarriage of justice.”

“The lower tribunal erred in law when it held that count one of the charge is valid and proceeded to convict the Appellant upon it.”

“The lower tribunal erred in law when it held that Exhibit 1 is not a documentary hearsay but admissible in law and this occasioned a grave miscarriage of justice.”

“The lower tribunal erred in law when it held that exhibits 4 and 5 are admissible contrary to the provision of the Evidence Act and thus occasioned a miscarriage of justice.”

“The Honourable tribunal erred in law when it convicted the Defendant/Appellant on COUNT ONE of the charge, for failure to declare his assets and liabilities, even when the essential elements of the offence as charged had not been proved beyond reasonable doubt as required by law.”

“The Honourable Tribunal erred in law when it tried and convicted the Defendant/Appellant for failure to declare and submit assets declaration Forms, between 2005 and 2016, which alleged offence is unknown to law; and in total violation of Section 36 (12) of the 1999 constitution.”

“The Honourable Tribunal erred in law when it convicted the defendant/appellant for false declaration of assets when the essential elements of the offence as defined under Paragraph 11 (2) of the fifth schedule to the constitution (1999) had not been proved beyond reasonable doubt.”

“The lower Tribunal erred in law when it convicted the defendant/Appellant based on an alleged confessional statement, which confession statement did not constitute confession as known as law, as it was not precise, clear and unequivocal as required by law to sustain a conviction.”

“The Honourable Tribunal erred in law when it placed on the defendant the burden of proving his innocence in violation of Section 36(5) of the 1999 constitution, and section 135 (1) of Evidence Act 2011.”

Onnoghen hence seek relief from the Court of Appeal, that to rescue him from the proceeding and also set aside the order to forfeiture his asset by the tribunal and also declare him free.

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Strategy and Sovereignty: Inside Adenuga’s Oil Deal of the Decade

Published

10 hours ago

January 11, 2026

Eric

By Michael Abimboye

In global energy circles, the most consequential deals are often not the loudest. They unfold quietly, reshape portfolios, recalibrate value, and only later reveal their full significance.

The recent strategic transaction between Conoil Producing Limited and TotalEnergies belongs firmly in that category. A deal whose implications stretch beyond balance sheets into Nigeria’s long-troubled oil production narrative.

For Mike Adenuga, named The Boss of the Year 2025 by The Boss Newspapers, the agreement is more than a corporate milestone. It is the culmination of a long-term upstream strategy that is now translating into hard value barrels, cash flow, and renewed confidence in indigenous capacity.

At the heart of the transaction is a portfolio rebalancing agreement that sees TotalEnergies deepen its interest in an offshore asset while Conoil consolidates full ownership of a producing block critical to its medium-term growth trajectory. The parties have not publicly disclosed the monetary value, industry analysts place similar offshore and shallow-water asset transfers in the high hundreds of millions of dollars, depending on reserve certification and development timelines. What is indisputable, however, is the deal’s structural clarity: each partner exits with assets aligned to its strategic strengths.

For Conoil, the transaction represents something more profound than asset shuffling. It is the validation of an indigenous oil company’s ability to operate, produce, and partner at scale. That validation was already underway in 2024, when Conoil achieved a landmark breakthrough: the successful production and export of Obodo crude, a new Nigerian crude blend from its onshore acreage.

In a country where new crude streams have become rare, Obodo’s emergence signalled operational maturity. More importantly, it shifted Conoil from being perceived primarily as a downstream and marginal upstream player into a full-spectrum producer with export-grade assets.

The commercial impact was immediate. Obodo crude enhanced Conoil’s revenue profile, strengthened cash flows, and materially improved the company’s asset valuation.

For Mike Adenuga, Obodo represented something else entirely: oil income with scale and durability. Producing crude shifts wealth from theoretical to realised. It is the difference between potential and proof.

That momentum was reinforced by Conoil’s acquisition of a new drilling rig, a move that underscored its intent to control not just resources, but execution. In an industry where rig availability often dictates production timelines, owning modern drilling capacity gives Conoil a strategic advantage lowering costs, reducing dependency, and accelerating development cycles. It also enhances the company’s bargaining power in partnerships such as the one with TotalEnergies.

Taken together, the Obodo crude success, the rig acquisition, and the TotalEnergies transaction, these moves materially expand Conoil’s enterprise value. While private company valuations remain opaque, upstream assets with proven production, infrastructure control, and international partnerships typically command significant multiple expansion. For Adenuga, all of these represents a stabilising and appreciating pillar of wealth.

As The Boss Newspapers honours Mike Adenuga as Boss of the Year 2025, the recognition lands at a moment when his oil ambitions are no longer peripheral to his legacy. They are central. In Obodo crude, in steel rigs, and in carefully negotiated partnerships, Adenuga is shaping a version of Nigerian capitalism that privileges patience, scale, and execution over spectacle.

In the end, the most powerful statement of wealth is not net worth rankings or headlines. It is the ability to convert strategy into assets, assets into production, and production into national relevance. On that score, the Conoil–TotalEnergies deal may well stand as one of the most consequential chapters in Mike Adenuga’s business story and in Nigeria’s evolving oil future.

Featured

Peter Obi, Only Life in ADC, Says Fayose

Published

2 days ago

January 10, 2026

Eric

Former Governor of Ekiti State, Ayodele Fayose, says the former presidential candidate of the Labour Party, Peter Obi, is the only life in the African Democratic Congress, ADC.

Fayose made this statement on Friday while fielding questions in an interview on ‘Politics Today’, a programme on Channels Television.

He also said that the Peoples Democratic Party, PDP, is technically no more, adding that it is dead.

The former governor equally said that Oyo State governor, Seyi Makinde, should not be dragged into the woes of the PDP.

He said: “Obi is the only life in ADC; all other people in ADC are semi-existent. If Obi had remained in Labour Party or has gone to Accord Party, he is the only life there. All the other people there, they are not existing. They are old-forces.

“Openly, I supported Tinubu in 2023. I didn’t hide it. Till now I’m still there. I don’t jump. I have said it to you I’m not a member of APC and I will never be.”

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More Troubles for Ahmed Farouk: Dangote Drags Ex-NMDPRA Boss to EFCC over Corruption Claims

Published

3 days ago

January 9, 2026

Eric

The Chairman of Dangote Industries, Aliko Dangote, through his legal representative, has filed a formal corruption petition against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission.

This was disclosed in a statement made available to our correspondent by the Dangote Group media team on Friday.

Recall that Dangote had earlier petitioned the Independent Corrupt Practices and Other Related Offences Commission to investigate Ahmed for allegedly spending $5 million on his children’s secondary education in Switzerland. He withdrew the petition a few days ago, even as the ICPC vowed to continue with its investigation.

The statement on Friday said Dangote’s petition to the EFCC followed “The withdrawal of the same petition from the Independent Corrupt Practices and Other Related Offences Commission, a strategic decision aimed at accelerating the prosecution process.”

In the petition, signed by Lead Counsel Dr O.J. Onoja, Dangote urged the EFCC to investigate allegations of abuse of office and corrupt enrichment against Ahmed, and to prosecute him if found culpable.

The petition further stated that Dangote would provide evidence to substantiate claims of financial misconduct and impunity.

“We make bold to state that the commission is strategically positioned, along with sister agencies, to prosecute financial crimes and corruption-related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624) 337,” the petition read.

Onoja further urged the commission, under the leadership of Mr Olanipekun Olukoyede, “To investigate the complaint of abuse of office and corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”