The Inspector General of Police (IGP) has asked a Federal High Court in Abuja, to order the transfer of the trial of the Managing Director and Chief Executive Officer (MD/CEO) of Duport Midstream Company Limited, Akintoye Akindele, to the Lagos division of the Federal High Court.
Akindele and his company are standing trial on a four-count criminal charge bordering on alleged diversion of the sum of $5,636,397.01 and N73,543,763.25, belonging to Summit Oil International Ltd.
The two defendants, in the suit marked: FHC/ABJ/CR/570/2023, were said to have committed the act between 2017 and 2021, when they allegedly converted the said sum received from Shell into personal use
While the defendants had pleaded not guilty to the charges, Akindele was granted bail in the sum of N750 million.
MRS slashes diesel price to N1,050 per litre
Dangote Refinery’s recent price slash, MRS Oil Plc, a major oil marketing company, yesterday, reduced the price of its diesel...
Read more