Tuesday, October 13, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home Energy

Chappal Energies Pushes Back Against EFCC Notice

byDare Iretomide
November 20, 2025
in Energy, News
0
Chappal Energies Pushes Back Against EFCC Notice
18
VIEWS
Share on FacebookShare on Twitter

Chappal Energies Ltd. has formally challenged a notice issued by the Economic and Financial Crimes Commission (EFCC) seeking to summon its Managing Director, Ufoma Immanuel, arguing that the action violates an existing court injunction.

In a statement on Wednesday, the company said the EFCC bypassed established legal procedures by issuing a public notice without first attempting to engage Mr. Immanuel or the firm through official channels. Chappal Energies described the move as an “unfortunate impression of a public escalation.”

“The law requires enforcement agencies to make reasonable attempts at engagement before acting on any warrant,” the statement read. “No such attempt was made in this instance, despite the company’s offices and leadership being fully reachable through publicly available contacts.”

The dispute arises amid what Chappal Energies calls “coordinated pressures” connected to an ongoing civil matter. The company noted that an interlocutory injunction, granted on September 11 by Justice J.E. Obanor of the Federal Capital Territory High Court, explicitly restrains the EFCC and other respondents from inviting, questioning, arresting, or detaining Immanuel, or taking any action against the company until the matter is resolved.

Chappal Energies maintained that the EFCC notice “creates the impression of external actors seeking public spectacle rather than adherence to due legal process.” EFCC officials were not immediately available for comment.

The company reiterated its respect for statutory institutions, including the EFCC, and expressed readiness to cooperate with authorities “through proper legal channels,” while stating it would take “appropriate legal steps” in response to the notice. Operations at Chappal Energies continue unaffected, with leadership focusing on long-term value creation for stakeholders, partners, and regulators.

Tags: Chappal EnergiesEFCCFeatured
Dare Iretomide

Dare Iretomide

Next Post

Soaring Demand, Investors Bid ₦1.2 Trillion for ₦450 Billion in Nigerian T-Bills

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

LOTUS Bank Enters New Era, Appoints Ajani-Lawal as CEO to Succeed Retiring Founder Araoye

LOTUS Bank Enters New Era, Appoints Ajani-Lawal as CEO to Succeed Retiring Founder Araoye

9 months ago

FG Commits N4bn Each to Engineering Education Upgrade

7 months ago

Popular News

  • Dangote Refinery Cuts Petrol Price Again, Lowers Ex-Depot Rate to N1,075/Litre

    Dangote Refinery Extends ₦2.15tn IPO Deadline to October 27

    0 shares
    Share 0 Tweet 0
  • Indonesia Offers Nigerian Investors Tax Breaks, Visa Perks

    0 shares
    Share 0 Tweet 0
  • Owerri Airport to Close for 25 Days From October 20 for Runway Repair

    0 shares
    Share 0 Tweet 0
  • Okonjo Iweala Urges Countries to Diversify Global Production

    0 shares
    Share 0 Tweet 0
  • Peter Obi Questions World Bank’s Positive Nigeria Growth Forecast

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Domestic Gas Sales Rise 30% as Nigeria’s Energy Reforms Gain Traction
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .