The EFCC today, August 1, 2017 arraigned eight suspected oil bunkerers before Justice H.I. Oshoma of the Federal High Court sitting in Port Harcourt, Rivers State on a 2-count charge, bordering on conspiracy and dealing in petroleum products without a licence. The suspects: Christian Nwankoafor (Captain); Solomon Avwenaghagha; Egwiniwin Felix; Anthony Onyenedum; Bassey Akpan; Ezra Njoku, Moses Jonah and Imeh Michael were arraigned with their vessel: MT Rockfish. They were arrested by the Nigerian Navy Pathfinder, around Jonny River, Port Harcourt, Rivers State, on 24 March and 20 April, 2017 for suspected illegal bunkering activities and handed over to the EFCC for prosecution. They pleaded not guilty to all the count charges brought against them. Their bail applications shall be decided tomorrow.Â
Oil Prices Rally as the Geopolitical Risk Premium Rebuilds
Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered…
August 22, 2025 • News
