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UPDATE : AIRTEL NIGERIA IN N4.88BN DEBT SCANDAL, LOSES AT APPEAL COURT

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The debt scandal involving Airtel Network Nigeria Limited and a communication firm, Plus Limited has reverberated as the latter’s judgement at the Lagos High Court was upheld by the court of appeal, Lagos.

NATIONAL WAVES learnt that the appellate court upheld the judgment of a Lagos High Court, Ikorodu, which awarded N4.88 billion in favour of a communication firm, Plus Limited against Airtel Network Nigeria Limited. The court held that the sum of N4,888,434,208.92 is the cumulative amount of commissions and other varieties of income, bonuses, benefits, etc. due to being paid or refunded to the claimant (Plus Limited) by the defendant (Airtel).

The court in its judgment said: “The exhibit clearly reveals that the appellant was mired in debt to the respondent in the stupendous sum of N4.8billion. Indebtedness signifies a state of owing money or something owed, or debt to another person, see Barbedos and Ventures Ltd. V. FBN PLC (2016) 4 NWLR (Pt. 1609) 241. In my considered view, the lower court did not transgress the law when it relied on exhibit C1 to rule in favour of the respondent in the matter.”

The appellate court further averred : “An order directing the defendant to deliver to the claimant forthwith, an account or statement of the call logs in respect of all the active subscribers brought into the defendant’s network by the claimant.”

It directed the defendant to immediately pay to the claimant all the commissions and benefits which the claimant shall be found to be entitled to the said call logs.

The court stated that the appeal is devoid of any morsel of merit and deserved the penalty of dismissal. “Consequently, I dismiss the appeal. I affirm the judgment of the lower court delivered on October 4, 2016. The parties shall bear the respective costs they expended in the prosecution and defence of the ill-fated appeal,” Justice Obande Festus Ogbuinya held.

Not satisfied with the judgement of the appellate court, which was delivered on July 24, 2020, in Appeal No. CA/L/1262/2016, the defendant filed a notice of appeal to the Supreme Court to challenge the decision.

In 10 grounds of appeal, Airtel prayed the apex court to nullify the decision of the appeal court, upheld its submissions, and dismissed the respondent’s suit as lacking in merit.

According to the appellant, the decision of the court of appeal is against the weight of evidence is adduced.

In 2016, the trial court had ordered Airtel to pay Plus Limited the sum of N4.88 billion as a cumulative amount of commissions and other varieties of income and bonuses due to it. The trial judge, Justice O.A Williams gave the decision in suit No. LD/487/2012.

Counsel to the claimant had told the trial court that Airtel initially appointed his client as distributor and later as dealer and trade partner by various agreements, but failed to pay its entitlements.

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BREAKING: Tinubu signs Tax Reform bills into law

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President Bola Ahmed Tinubu has signed the four tax reform bills into law.

President Tinubu signed the law in his office at the State House, Abuja, on Thursday, in the presence of relevant stakeholders from across the arms of government.

The new laws include the Nigerian Tax Law, the Nigerian Tax Administration Law, the National Revenue Service (Establishment) Law and the Joint Revenue Board (Establishment) Law.

Earlier on Thursday, President Tinubu had explained that the laws would be unifying Nigeria’s fragmented tax system, removing redundant overlaps, boosting investor confidence, enhancing transparency, and promoting coordinated efforts across all levels.

He also described the legislation as a clear departure from previous policies, emphasising that the reforms are designed to ease the burden on working families, small businesses, and low-income earners while eliminating inefficiencies that have long plagued Nigeria’s fiscal structure.

On his verified X handle @officialABAT, the President had said that the new tax laws form the groundwork for the Nigeria of tomorrow, focused on unlocking opportunities for all.

 

“We are also building a framework for the Nigeria of tomorrow-leaner, fairer and laser-focused on unlocking opportunities for all.”

 

The Nigerian Leader explained that with the new tax reform laws, the Bola Tinubu-led Administration is now laying the foundation for a tax regime that is fair, transparent and fit for a modern, ambitious Nigeria.

“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet.

“For too long, our tax system has been a patchwork-complex, inequitable, and burdensome. It has weighed down the vulnerable and shielded inefficiency. That era ends today.

“We are laying a foundation for a tax regime that is fair, transparent and fit for a modern, ambitious Nigeria. A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity”, he said.

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Breaking: Iran launches missiles at US bases in Qatar, Iraq

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Debris of a missile fired from Iran toward Israel leaves a trail in the night sky over Hebron in the occupies-West Bank after being intercepted on June 13, 2025.

Iran launched missiles at US military bases in Qatar and Iraq on Monday evening, official media reported, in what state TV called a “powerful” response to recent American strikes on key nuclear sites.

“The operation of Iranian missiles against American bases located in Qatar and in Iraq has begun, and is called ‘Blessing of Victory’,” the official press agency IRNA said. AFP journalists reported hearing explosions in Doha, the capital of Qatar, home to the largest US base in the region.

Meanwhile, Qatar said it had successfully intercepted an Iranian missile attack Monday on the United States’ Al Udeid base, the largest US military facility in the Middle East.

“The Ministry of Defense announced that Qatari air defenses successfully intercepted a missile attack targeting Al Udeid Air Base,” it said in a statement, adding that “the incident did not result in any deaths or injuries”.
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Dangote Refinery to Begin Nationwide Distribution of PMS, Diesel, for smooth logistics to marketers

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The Dangote Petroleum Refinery has announced that it will begin distribution of Premium Motor Spirit (PMS) and diesel nationwide.

The statement added that the Refinery has invested in the procurement of 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers to ensure smooth take-off of the scheme, which will continue over an extended timeframe

The statement said, “To ensure the smooth takeoff of the free logistics for marketers and petrol dealers buying from Dangote, the statement further disclosed that the refinery has procured 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers.

“This phase of the programme will continue over an extended timeframe. The refinery is also investing in Compressed Natural Gas (CNG) stations, commonly referred to as daughter booster stations, supported by a fleet of over 100 CNG tankers across the country to ensure seamless product distribution.

This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing energy efficiency, promoting sustainability and supporting Nigeria’s economic development. It affirms our dedication to improving the availability and affordability of fuel, in support of broader efforts to strengthen the economy and improve the well-being of all Nigerians.

“Under this initiative, all petrol stations purchasing PMS and diesel from the Dangote Petroleum Refinery will benefit from this enhanced logistics support. Key sectors such as manufacturing, telecommunications, and others will also gain from this transformative initiative, as reduced fuel costs will contribute to lower production costs, reduced inflation, and foster economic growth. Players in these key sectors and others can purchase directly from the Dangote Petroleum Refinery.

The Dangote Petroleum Refinery has announced that it will begin distribution of Premium Motor Spirit (PMS) and diesel nationwide.

In a statement on Sunday, the company said effective from 15th of August 2025, it will begin the distribution of the products to marketers, petrol dealers, manufacturers, telecoms firms, aviation, and other large users across the country, with free logistics to boost distribution network.

The move, according to the company, was a significant national initiative aimed at transforming Nigeria’s fuel distribution landscape.

The statement added that the Refinery has invested in the procurement of 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers to ensure smooth take-off of the scheme, which will continue over an extended timeframe.

“This phase of the programme will continue over an extended timeframe. The refinery is also investing in Compressed Natural Gas (CNG) stations, commonly referred to as daughter booster stations, supported by a fleet of over 100 CNG tankers across the country to ensure seamless product distribution.

“This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing energy efficiency, promoting sustainability and supporting Nigeria’s economic development. It affirms our dedication to improving the availability and affordability of fuel, in support of broader efforts to strengthen the economy and improve the well-being of all Nigerians.

“Under this initiative, all petrol stations purchasing PMS and diesel from the Dangote Petroleum Refinery will benefit from this enhanced logistics support. Key sectors such as manufacturing, telecommunications, and others will also gain from this transformative initiative, as reduced fuel costs will contribute to lower production costs, reduced inflation, and foster economic growth. Players in these key sectors and others can purchase directly from the Dangote Petroleum Refinery.”

The statement added that the refinery will offer a credit facility to those purchasing a minimum of 500,000 litres, which would allow them to obtain an additional 500,000 litres on credit for two weeks, under bank guarantee.

It described the effort as a milestone in its vision to revolutionise the Nigeria’s energy sector.

“This pioneering effort marks a major milestone in our vision to revolutionise Nigeria’s energy sector. Dangote Refinery is dedicated to ensuring that no place is left behind. Our goal is to provide equitable access to affordable fuel for all Nigerians, regardless of location, making energy more accessible and sustainable for everyone, wherever they may b

 

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