Nestoil, Neconde Seek $1.8bn Damages against Firstbank, Access Bank, Zenith over 20,000 Bpd Crude Oil Loss Drawcok slams N100bn action against FBNQuest, three others for alleged forceful seizure of property
Alex Enumah in Abuja
Nestoil and Neconde have instituted
processes for a $1.8 billion damages suit against FBN Quest, FBN Trustees, Firstbank, their Receiver,
Access Bank, Zenith Bank and ors for what they describe as reckless and unlawful disruption of oil
production. Both companies alleged that the banks’ actions and the actions of
their receiver crippled operations, slashing crude oil output from 60,000 barrels per day to below 40,000
barrels per day. Continued on page 8
CBN Orders Freeze on Assets of Six Terror-Financing Suspects, Four BDCs... Page 10 Friday 26 June, 2026 Vol 31. No 11401. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
At $72, Oil Price Falls to Pre-Iran War Levels, Nigerians Await Impact... Page 8
State Assemblies Complete the Cycle, Back State Police Bill, Salute National Assembly Move’ll strengthen women’s security, expand inclusion, NGO tells Tinubu Falana warns against rushed adoption of state police, raises funding, accountability concerns
Chuks Okocha and Sunday Aborisade in Abuja and Wale Igbintade in Lagos
The Conference of Speakers of State Legislatures, yesterday, welcomed the passage of the State Police Bill
for second reading in the Senate, describing the development as a major step towards strengthen-
ing security and advancing true federalism in the country. In a statement by the Chairman
of the Conference and Speaker of the Delta State House of Assembly, Hon. Emomotimi Dennis Guwor,
the body said the Senate’s action Continued on page 8
Oyedele: Nigeria Still Not Getting Enough Revenue from Tax Adedeji seeks stronger partnership with CITN to deepen tax education, broaden compliance Ohagwa: tax reform success depends on citizens’ understanding, voluntary participation CITN launches coordinated nationwide sensitisation drive to demystify taxation
James Emejo in Abuja
Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, yesterday lamented
the country’s inability to generate adequate revenue from taxation despite ongoing reforms, stressing that a significant number of eligible Continued on page 8
LAUNCH OF 7-FIFTEEN CAPITAL LAGOS OFFICE...
L-R: Co-Founder and Deputy CEO of 7-Fifteen Capital Limited, Mrs. Adesuwa Belo-Osagie; President of Dangote Group, Alhaji Aliko Dangote; and Co-Founder and CEO of 7-Fifteen Capital Limited, Mr. Tope Adekoya, at the Launch of 7-Fifteen Capital Lagos office at Centre Point, Ikoyi, Lagos... recently