Justice O. Oguntoyinbo of the Federal High Court sitting in Ikoyi, Lagos, today, October 13, 2017, admitted in evidence five documents tendered by the EFCC against , Ogbor Elliot, Managing Director, Danium Energy Services Limited, who ‘passed out’ twice inside the accused box.
Eliot is standing trial alongside Godwin Okoronkwo, Managing Director, Petrosol Energy Limited, on a 10-count charge bordering on obtaining under false pretense, conspiracy and forgery to the tune of N7, 300,000,000(Seven Billion, Three Million Naira).
The suspects, who are members of a syndicate of fraudsters, were arrested following a complaint received by the Commission from a new generation bank, on March 17, 2017.
Cuts to US oil jobs and spending threaten output growth
The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world's top producer. The Organization of the Petroleum Exporting Countries and its…
September 8, 2025 • Business
