
Business
ANAMMCO unveils Matador Pickup truck in grand outing at 36th Enugu International Trade Fair
…Lauds Enugu Governor, Peter Mbah
ANAMMCO, a foremost Nigerian vehicle manufacturing company, has made a significant impact at the 36th Enugu International Trade Fair with the unveiling of its latest product, the Matador Pickup truck.
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The Company’s General Manager (Sales), Mr. Olalekan Sanyaolu addressed journalists at the Enugu International Trade Fair pavilion, highlighting the key features of the new vehicle that is offered in only 4×4 drive has both manual and automatic transmission versions.
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The Matador pickup is a all-terrain vehicle designed to effortlessly navigate Nigeria’s on-road and off-road terrains. Built with Nigeria in mind, the vehicle boasts a perfect balance of high performance and safety.
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Sanyaolu emphasized that ANAMMCO’s participation in the trade fair is aimed at showcasing the Matador to the Nigerian Automobile market.
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The response to the new vehicle has been exciting, with a significant increase in exhibitors, existing customers and prospective customers trouping to ANAMMCO pavilion to check out the Matador.
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Key features of the Matador include:
– Advanced technology
– Optimum performance
– Superb fuel efficiency
– Spacious double cabin
– Multimedia display screen
– Reverse camera
– Customised booth cover
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Sanyaolu also emphasized the strategic locations of ANAMMCO 3S shops ( Sales, Services and Support) in Enugu, Lagos and Abuja. These 3S shops are robustly supported by a wide network of affiliate workshops of GUO Transport and other accredited dealers nationwide. The unparalleled aftersales services network makes ANAMMCO the preferred choice of commercial vehicles fleet operators.
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Sanyaolu expressed optimism about the future of the production and assembly of commercial vehicles business in Nigeria, citing the country’s major reliance on road transport for the movement of passengers, goods and services.
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ANAMMCO continues to offer a wide range of services in the automotive industry of Nigerian economy, including Vehicle production, Third Party Assembly Contracts, Commercial vehicles sales, Spare parts sales, Vehicles Refurbishments, Workshop and Field Services, Vehicles body building, Training and Consulting. These services guarantee market-leading uptime and lowest operational costs.
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Also speaking, the Director, Corporate Services, Mr Uche Okeke, commended Governor Peter Mbah of Enugu State for his innovative , practical and people oriented governance.
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The Director further said, “I will not miss the opportunity of appreciating the commitment of His Excellency, Peter Mbah to the job and wealth creation through strategic engagement of the private sector.
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“ANAMMCO is one the major beneficiaries of his Excellency’s patronage domestication. His steadfast stance on if it can be done in Enugu, why take it elsewhere, is uncommon in Nigeria.
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“The refurbishment and re-engineering of the Coal City shuttle buses project is a classic case of His Excellency’s masterclass in maximum utilisation of available resources for cost effectiveness. The project is creating both direct and indirect employments, providing skills development for youths and is attracting investment to the state.
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“His leadership inspired us to boldly showcase the ANAMMCO brand as proudly Nigerian and a star of Enugu State. ANAMMCO is an indigenous brand not only in the name but also local production capacity. The sustained support of the government will bring to fruition in the near future a wholesome technology transfer and development in the Nigerian automotive sector.”
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Further speaking on their presence in the trade fair, the ANAMMCO Director said “Enugu is the home of ANAMMCO”, stressing that it is always a pleasure to identify with anything Enugu.
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“This trade fair is special to us because it is the first time ANAMMCO is coming with its own brand, which wasn’t the case in previous years. The Matador pick-up is the first of others to follow from the ANAMMCO Motors products localisation mandate. It represents high performance with trusted sturdy build of Dongfeng Automobile and powered by world-class engine technology of Mitsbushi engines.
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“We are here to showcase the Matador to the State, Citizens and Residents, the Business community, Security agencies , the Military and para – military.
Business
Court dismisses suit by Bayelsa traditional ruler challenging Shell’s divestment,pollution
The Yenagoa Division of the Federal High Court on Friday dismissed a suit challenging the divestment of Shell from onshore assets.
The suit filed by King Bubaraiye Dakolo, traditional ruler of Ekpetiama in Yenagoa Local Government Area of Bayelsa also sought redress and remediation of cumulative pollution of Dakolo’s domain for 40 years.
Dakolo alleged that the divestment by Shell did not follow the stipulated guidelines in the Petroleum Industry Act (PIA) 2021.
However, presiding judge, Justice Ayo Emmanuel in a ruling dismissed the case for being filed out of time adding that under the statute, any objections to divestment on guy to be filed within three months.
Emmanuel also held that the traditional ruler lacked the ‘locus standi’ to institute the case as he had no role in the divestment.

The judge further stated that the plaintiff failed to explore and exhaust the conflict resolution mechanism mechanisms by the Nigerian Upstream Petroleum Regulatory Commission,
The judge noted that the failure according to the Petroleum Industry Act (PIA)asked the suit invalid.
“Plaintiff’s failure to satisfy the mandatory statutory conditions precedent under the Petroleum Industry Act (PIA) strips this Court of jurisdiction.
“The Plaintiff further contended that the injuries complained of constitute a “continuing injury, thereby creating a continuous cause of action that escapes the limitation periods.
“However, looking closely at the pleadings, the Plaintiff joins historical grievances stretching back decades with specific events that allegedly took place around 2024. A continuous injury means a recurrence of the legally wrongful act itself, not the continuous persistence of the injurious effects of a singular past act.
“From the facts presented, the alleged causes of action against the public officers (the 4th, 5th, and 6th Defendants) arose well outside the mandated 3-month period prescribed by POPA.
“Furthermore, the claims touching on tortious liability are caught by the 5-year limitation threshold under Section 16 of the Limitation Law of Bayelsa State,” Emmanuel ruled.
Reacting, Counsel to the Minister of Petroleum Resources, Lawrence Edet who spoke for the defendants thanked the court for dispensing justice to their favour.
Counsel to Dakolo said that they will pursue the case beyond the trial court and will be heading to the court of appeal.
Environmental justice group, Social Action in its reaction to the judgement expressed regret that the court had to ignore the quest for environmental justice and technicalities.
Dr Prince Edegbuo
Resource Justice Manager at Social Action said: “It is very very unfortunate that a matter as important as this that is gaining international traction in home countries where these international companies come from and the activities being condemned but our legal system finds it convenient to discard a case that has caused so much hardship and suffering on the people.
“The pollution had devastated the environment and denied people of their livelihoods and even affected the reproductive health of the people, it is heartbreaking that the Federal High Court struck out this case.
“We will meet at the Appeal Court, we will not relent, we shall continue to support the Ekpetiama people in this litigation, this is just the court of first instance,” he said.
Ekpetiama community is in the neighbourhood and part of host communities to the Gbarain-Ubie gas plant and Gbarain oilfields.
Listed as defendants in the suit No. FHC/YNG/CS/81/2025, are Shell Petroleum Development Company of Nigeria, Shell Petroleum N.V, Shell UK PLC.
Others are Attorney General of the Federation, The Nigerian Upstream Petroleum Regulatory Commission, Minister of Petroleum Resources and Renaissance Energy Africa Ltd.
It will be recalled that Renaissance Energy Africa, a consortium of indigenous oil firms in March 2025 acquired the onshore and shallow waters oil and gas assets hitherto operated by SPDC, following the divestments by Shell UK PLC, the parent company to SPDC.
Business
Dangote launches ₦500,000 reward program to encourage whistleblowing
•Says illegal goods on Dangote trucks to be confiscated
Dangote Industries Limited has intensified efforts to combat illegal haulage activities involving its trucks by unveiling a public whistleblowing initiative that offers a cash reward to individuals who provide credible information leading to the arrest of offenders or the interception of unauthorized goods and transportation of persons.
The company said the initiative, which will reward whistleblowers with N500,000.00 cash award, forms part of its broader commitment to protect the integrity of its logistics operations and eliminate the activities of unscrupulous individuals who illegally use Dangote-branded trucks to transport unauthorized goods.
In a statement issued in Lagos, the management urged members of the public to support the campaign by reporting any suspected cases of illegal haulage involving Dangote trucks, stressing that only specifically approved products are permitted to be transported by vehicles belonging to its various subsidiaries.

Dangote trucks
According to the company, Dangote Cement trucks are authorized to carry only cement, limestone, high-grade gypsum, coal and clinker, while Dangote Sugar Refinery trucks are restricted to the transportation of sugar products. Trucks belonging to NASCON Allied Industries are expected to carry Dangote Salt and DanQ Seasoning products, while Dangote Packaging vehicles are designated for bags and packaging materials.

Similarly, trucks operated by Dangote Petroleum Refinery and Petrochemicals are permitted to transport polypropylene products, while Dangote Fertiliser Limited vehicles are authorized for the haulage of urea fertilizer.
The company warned that any Dangote truck found transporting unauthorized goods would be treated as being involved in illegal haulage activities, adding that both the drivers and owners of such goods risk arrest, confiscation of the cargo and prosecution under applicable laws.
“Anyone with verifiable information that leads to the arrest of persons involved in illegal haulage activities or the recovery of unauthorized goods transported on Dangote trucks will receive a cash reward of Five Hundred Thousand Naira,” the company stated.
To aid investigations and enforcement efforts, the management of Dangote Group advised whistleblowers to provide detailed information when making reports. These include the truck type, registration plate number, cab number, location of the vehicle, description of the goods being transported, colour of the truck and photographs of the vehicle and cargo where possible.
The company has therefore established dedicated hotlines across its operations to receive reports relating to illegal haulage activities. Members of the public can report incidents involving trucks operating from the Obajana, Okpella and Gboko plants through certain dedicated telephone lines.
The Company stated that law enforcement agencies, including the Police, have been authorized to arrest any driver found using company trucks for unauthorized commercial haulage.
It reiterated its zero-tolerance stance against logistics-related fraud and called on the public to join hands with it in safeguarding legitimate business activities by exposing illegal operators.
Dangote Group emphasized that the initiative is designed not only to protect company assets and operations but also to strengthen transparency, accountability and compliance across its nationwide logistics network.
“Public cooperation remains critical in our efforts to eradicate illegal haulage activities. We encourage anyone with credible information to come forward and help us maintain the integrity of our transportation system,” the statement added.
The company reaffirmed that all reports would support ongoing efforts to protect the Dangote brand, promote lawful business practices and ensure that offenders are brought to justice.i
Business
Pipeline sale controversy deepens as expert warns of investor confidence risks
Fresh controversy has erupted over efforts to revive the sale of a 40 per cent stake in the Amukpe–Escravos Pipeline, with a governance expert warning that any attempt to resurrect a previously terminated transaction could damage investor confidence and raise fresh questions about transparency in Nigeria’s oil and gas sector.
Speaking on Channels Television on Thursday, June 11, 2026, Managing Director of Policy Management Consult Services, Jide Olatuyi, said concerns surrounding the transaction extend beyond commercial interests and strike at the heart of governance, transparency, and the credibility of Nigeria’s investment environment.
“The contract was terminated,” Olatuyi said. “What stakeholders are saying is that there is a need for a new competitive bidding process rather than attempting to revive a failed transaction.”
The controversy has intensified amid scrutiny of the asset’s valuation. The earlier transaction involving the 40 per cent stake was priced at approximately $243 million before collapsing over unmet contractual obligations. Independent assessments conducted in 2025 reportedly valued the same stake at between $544 million and $641 million.
The significant disparity between the earlier transaction price and the more recent valuations has fuelled calls for a fresh competitive bidding exercise to ensure that the asset reflects prevailing market conditions and delivers maximum value.

Rejecting suggestions that opposition to the proposed transaction is driven by sentiment or commercial rivalry, Olatuyi insisted that the debate centres on governance standards within the petroleum industry.
“I don’t think it is about sentiment at all,” he said. “It is about governance in the oil and gas sector.”
According to him, Nigeria’s challenge is no longer limited to attracting investors but also ensuring that investors have confidence in the integrity of the country’s commercial and regulatory processes.
“If you are not committed to transparency, it becomes a problem for investors,” he said. “If you cannot build trust and confidence in the sector, capital will go elsewhere.”
Olatuyi said several stakeholders, including project lenders such as Sterling Bank and AMCON, have advocated a transparent process that reflects current market realities and updated asset valuations.
The Amukpe–Escravos Pipeline, which has a transportation capacity of about 160,000 barrels per day and has maintained uptime above 95 per cent, remains one of Nigeria’s most strategic crude evacuation assets. The pipeline plays a critical role in transporting crude from inland production fields to export terminals in the Niger Delta.
Olatuyi urged authorities to ensure that any future transaction involving the asset is conducted through an open, transparent, and competitive process capable of inspiring investor confidence and safeguarding public value.
The debate comes at a time when the Federal Government is seeking to attract substantial investment into the energy sector and expand critical oil and gas infrastructure.
The eventual outcome of the Amukpe–Escravos Pipeline transaction could serve as a major test of Nigeria’s commitment to transparency, valuation discipline, and investor protection. As global competition for energy capital intensifies, governance standards may prove just as important as resource endowment in determining where investment flows.
Officials of the Nigerian Upstream Petroleum Regulatory Commission and members of the technical committee that supervised the original transaction did not respond to requests for comment as of press time.
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