Poor fuel: Matrix Energy slams N20bn libel suit against two media groups - Newstrends
Connect with us

News

Poor fuel: Matrix Energy slams N20bn libel suit against two media groups

Published

on

Matrix Energy

Poor fuel: Matrix Energy slams N20bn libel suit against two media groups

An Indigenous oil company, Matrix Energy Limited, has asked a Federal Capital Territory High Court to restrain two media houses and others from further publishing alleged libellous stories about its oil shipping business.

Matrix and its CEO, Abdulkadir Adisa Aliu, in their court processes, denied any “involvement in colluding with Nigeria’s economic enemies to import adulterated, substandard, or low-quality petroleum products into the country.” 

They had earlier responded to reports accusing them of importing substandard petrol into Nigeria, particularly from Malta, insisting that their products meet the required guidelines.

The spokesperson for the company, Ibrahim Akinola, in a statement on August 17, 2024, described reports by an online publication that Matrix Energy was behind the importation of petrol from Malta to Nigeria as not entirely accurate.

Newstrends reported that Aliko Dangote, CEO of Dangote Refinery, recently alleged that certain oil operators are colluding with the Nigerian National Petroleum Corporation (NNPC) to run an illegal blending plant in Malta, a European country, for the purpose of importing substandard petroleum products into Nigeria.

The Group Chief Executive Officer (GCEO) of NNPC, Mele Kyari, however, denied any ownership or operation of a refinery in Malta, vowing to push for the prosecution of any defaulting NNPC staff and others involved.

Interestingly, Nigeria’s petroleum imports from Malta saw a significant surge in 2023, reaching $2.8 billion.

This is a stark contrast to the years between 2017 and 2022, during which there were no imports, and the mere $13.32 million imported in 2016, raising concerns about Nigeria’s dealings with the small European nation.

In a statement on August 17, 2024, Matrix Energy, which is allegedly reported to be importing from Malta, denied any wrongdoing, adding that its petroleum products meet all regulatory guidelines.

READ ALSO:

The company stated that it did not discharge 200,000 metric tons of PMS into its facility in July 2024, as claimed by the news report.

The oil company, however, did not deny the importation of petrol from Malta and elsewhere.

Meanwhile, the company noted that, like all oil operators in Nigeria, it has the right to source its products from any part of the world, as long as it is not breaking any Nigerian or international law.

“Our Chief Executive Officer, Abdulkabir Adisa, is a talented and dedicated Nigerian with the right to associate freely as well as trade freely in any part of the world. As he stated in his presentation before the Nigerian Senate, we are not aware that Nigerian companies have been banned from bringing in legitimate and standard products from outside the country, and until such a ban is in place, we will continue to serve the public with the best quality products,” the company said. 

Matrix heads to Court 

The oil firm has now approached the FCT High Court, seeking declaratory reliefs(dated August 21, 2024) against certain publications, including a “retraction” of the reports and over N10 billion in “damages”.

The oil firm’s lawyer, Ahmed Raji SAN, urged the court to hold that the media organization “falsely and maliciously published” the said reports against his clients.

He maintained that his client is a member of the Presidential Economic Coordination Council (PECC), an elite body of eminent Nigerians tasked with developing sustainable ideas to bolster the nation’s economic governance framework and ensure robust and coordinated economic planning and implementation.

Poor fuel: Matrix Energy slams N20bn libel suit against two media groups

Loading

News

BREAKING: Court Sacks David Mark-Led ADC Exco, Nullifies Atiku’s 2027 Presidential Candidacy

Published

on

BREAKING: Court Sacks David Mark-Led ADC Exco, Nullifies Atiku’s 2027 Presidential Candidacy

BREAKING: Court Sacks David Mark-Led ADC Exco, Nullifies Atiku’s 2027 Presidential Candidacy

The Federal High Court in Abuja has sacked the Senator David Mark-led executives of the African Democratic Congress (ADC), declaring invalid all actions taken by the disputed leadership on behalf of the party, including the nomination of former Vice-President Atiku Abubakar as its presidential candidate for the 2027 general election.

The judgment, delivered on Thursday, November 5, 2026, by Justice Peter Lifu, declared illegal the Mark-led Caretaker Committee, which organised the party’s presidential primary that produced Atiku as its flagbearer.

The ruling followed a suit instituted by Nafiu Bala Gombe, a former National Deputy Chairman (North-East) of the ADC, who challenged the process through which Mark and other members of the caretaker leadership assumed control of the party.

Gombe had approached the court, arguing that the emergence of the Mark-led leadership violated the ADC constitution and provisions of the Electoral Act.

He maintained that following the resignation of the party’s former National Chairman, Chief Ralph Nwosu, he was constitutionally qualified to take over the leadership of the party.

The plaintiff consequently asked the court to invalidate all decisions taken by the Mark-led leadership and restrain Mark and former Osun State Governor, Ogbeni Rauf Aregbesola, from parading themselves as the ADC’s National Chairman and National Secretary, respectively.

The suit, marked FHC/ABJ/CS/1819/2025, listed the ADC, the Independent National Electoral Commission (INEC), Mark, Aregbesola and Nwosu as defendants.

After considering the arguments presented by the parties, Justice Lifu upheld Gombe’s claims and granted the reliefs he sought, effectively invalidating the authority of the Mark-led Caretaker Committee and the decisions it took on behalf of the opposition party.

Among the major consequences of the judgment is the nullification of the presidential primary organised by the committee, which produced Atiku as the ADC’s candidate for the 2027 election.

Atiku’s nomination had earlier been reflected in the list of presidential candidates published by INEC. He had also selected former Rivers State Governor, Rotimi Amaechi, as his running mate.

The judgment has therefore cast fresh uncertainty over the ADC’s presidential ticket and its preparations for the 2027 general election, particularly the legal status of decisions taken by the now-invalidated leadership.

READ ALSO:

However, the party has indicated that it will challenge the ruling at the Court of Appeal.

The ADC National Welfare Secretary, Nkemakolam Ukandu, who was subsequently joined as an interested party in the case, confirmed that the party would appeal the judgment.

The development comes barely 24 hours after Atiku held a campaign rally in Sokoto State as part of his political activities ahead of the 2027 presidential election.

The ruling represents another major legal challenge for the ADC, which has been grappling with leadership disputes and litigation over its national and state structures ahead of the next general election.

The outcome of the proposed appeal could prove significant for the party’s leadership, its presidential nomination process and its ability to proceed with preparations for the 2027 elections.

For now, the court’s decision has invalidated the actions of the Mark-led caretaker leadership, including the process that produced Atiku as the party’s presidential flagbearer, pending further judicial proceedings.

BREAKING: Court Sacks David Mark-Led ADC Exco, Nullifies Atiku’s 2027 Presidential Candidacy

Loading

Continue Reading

News

Sultan Honours MURIC Founder Ishaq Akintola for Decades of Religious Rights Advocacy

Published

on

Sultan Honours MURIC Founder Ishaq Akintola for Decades of Religious Rights Advocacy

Sultan Honours MURIC Founder Ishaq Akintola for Decades of Religious Rights Advocacy

  • MURIC Congratulates Ishaq Akintola on Sultan’s Special Recognition Award

The Sultan of Sokoto, His Eminence, Alhaji Muhammad Sa’ad Abubakar III, has conferred a Special Recognition Award on the Founder and Executive Director of the Muslim Rights Concern (MURIC), Professor Ishaq Akintola, in recognition of his contributions to religious freedom, justice and peaceful coexistence in Nigeria.

Sultan Honours MURIC Founder Ishaq Akintola for Decades of Religious Rights Advocacy

Sultan Honours MURIC Founder Ishaq Akintola for Decades of Religious Rights Advocacy

The award was presented to Akintola on Monday, November 2, 2026, during the 13th Usman Dan Fodio Week and the 20th Coronation Anniversary of the Sultan, held at the International Conference Centre, Kasarawa, Sokoto State.

The ceremony attracted an array of distinguished personalities, including traditional rulers, religious leaders, government officials, Islamic scholars, academics and other eminent Nigerians from within and outside the country.

Following the presentation, MURIC Oyo State Chapter congratulated Akintola, describing the honour as well-deserved and a recognition of his decades of commitment to protecting religious rights, promoting justice, defending the oppressed and fostering peaceful coexistence.

In a congratulatory statement dated November 5, 2026, the chapter said the recognition reflected Akintola’s consistent efforts to defend religious freedom, particularly the rights of Nigerian Muslims to practise their faith without discrimination, intimidation or persecution.

READ ALSO:

The statement, signed by the chapter’s General Secretary, Mallam Ibrahim Agunbiade, noted that Akintola had remained a prominent voice in the advocacy for religious rights through his leadership of MURIC.

The chapter also expressed particular appreciation for Akintola’s decision to dedicate the award to Muslims facing religious persecution in Nigeria.

It described the gesture as evidence of his selfless commitment to the collective interests of the Muslim Ummah and his determination to ensure that the challenges confronting persecuted Muslims receive sustained attention.

MURIC Oyo said the award should not be regarded merely as a personal achievement but also as an honour to the organisation, the Nigerian Muslim community and everyone committed to justice, equity and religious freedom.

The chapter prayed for continued good health, wisdom, strength and steadfastness for Akintola, expressing hope that the recognition would inspire him to intensify his contributions to Islam, humanity and the protection of fundamental human rights in Nigeria.

“May this recognition inspire greater commitment to the struggle for justice and the protection of fundamental human rights in Nigeria,” the statement said.

The chapter concluded by congratulating the MURIC founder and praying for Allah’s continued guidance and blessings upon him.

 

 

Sultan Honours MURIC Founder Ishaq Akintola for Decades of Religious Rights Advocacy

Loading

Continue Reading

News

Omoda and Jaecoo Race Past 1.4m Sales, Expand Push into AI, Electrification

Published

on

Omoda and Jaecoo Race Past 1.4m Sales, Expand Push into AI, Electrification

 

Omoda & Jaecoo have surpassed 1.4 million cumulative global vehicle sales in just three and a half years, marking a major milestone in their international expansion as the automotive brands step up investments in electrification, artificial intelligence and autonomous mobility.

The achievement, announced following the 2026 International User Summit held in October in Wuhu, China, underscores the brands’ rapid growth and ambitions to strengthen their position in an increasingly technology-driven global automotive market.

With operations spanning 79 markets worldwide, Omoda & Jaecoo are now looking beyond vehicle sales to develop an integrated mobility ecosystem built around intelligent technologies, alternative powertrains and improved customer experiences.

The summit, themed “DRIVE TO THE NEXT VIBE,” brought together customers, media representatives and business partners to showcase the brands’ latest innovations, future product plans and expanding research and development capabilities.

One of the major attractions was the global debut of the OMODA X, a futuristic cross-off-road vehicle designed to combine urban practicality with a bold, adventure-inspired exterior. Its unveiling was accompanied by a global user co-creation initiative, allowing participants from different markets to contribute ideas and interpretations of the new model.

The initiative reflects the company’s growing emphasis on customer participation in product development and brand building.

Intelligent mobility technology also took centre stage, with demonstrations of the Super Intelligent Valet Parking system (SIVP), which features automated vehicle summoning, parking-route planning and obstacle avoidance.

Another innovation, the Super Intelligent AI Space (SIAS), showcased voice-controlled cabin technology capable of processing multiple requests through a single instruction. The system also demonstrated personalised digital experiences, including music recommendations based on users’ moods.

On electrification, the Super Hybrid Marathon provided an opportunity to assess vehicle performance across urban roads, highways and mountainous terrain.

According to the manufacturer, the OMODA 5 NEXT SHS-H recorded fuel consumption of 4.5 litres per 100 kilometres and achieved a maximum driving range of 1,015 kilometres during the exercise.

The company said the evaluation went beyond fuel efficiency to examine power delivery, cabin insulation and passenger comfort under varying driving conditions.

Beyond conventional vehicle development, Omoda & Jaecoo also outlined their ambitions in autonomous transportation through a purpose-built Level 4 Robotaxi programme.

The initiative involves proposed cooperation with UAE-based K2 and is designed around an integrated service model covering digital bookings, vehicle dispatch, cabin preparation, autonomous journeys and fleet maintenance.

The summit also highlighted the wider technology ecosystem associated with the brands through AiMOGA, which unveiled Mobo, a home companion robot, and opened global pre-orders.

Designed to recognise family members, remember individual preferences and support everyday interactions, Mobo illustrates the company’s ambition to extend artificial intelligence and robotics beyond the automotive environment into domestic life.

Supporting these initiatives is increased investment in research and innovation. Omoda & Jaecoo disclosed that research and development expenditure by its parent company, Chery, reached RMB 6.672 billion in the first half of 2026, representing a 28.3 per cent increase over the corresponding period in 2025.

The latest sales milestone follows the brands’ achievement of their first one million cumulative global sales earlier in 2026, highlighting the pace of their expansion across international markets.

For Omoda & Jaecoo, the next phase of growth will depend not only on expanding their geographical footprint but also on translating technological innovation into practical benefits for customers.

Although some of the technologies unveiled at the summit remain at different stages of development and commercial introduction, the event offered a glimpse into the brands’ long-term strategy as competition increasingly shifts towards intelligent vehicles, electrification, connectivity and autonomous mobility.

Loading

Continue Reading

Trending