Anticipate��

By Irewole O.J

The Access Bank vs. Seplat saga has proven that the corporate world can be more than just transactional; it can also be an infamous theatre of absurdity. Why did I say so? Please read on.

It all started in 2012 when Diamond Bank before being acquired by the entity once described as Nigeria’s corporate bully – Access Bank – granted a facility to Cardinal Drilling Services [CDS] to acquire CDS rigs 101, 201, 202, and 203. The method of acquisition of this loan was a fairly simple fixed and floating debenture over Cardinal Drilling Services’ assets.

The facility, upon acquisition, was agreed to be serviced by CDS at the rate of $85.8 million. Eight years later, by when Diamond had been acquired, Access Bank its new owner reasoned that CDS was unable to service the facility. So, in 2020, the bank decided to activate the sixth clause of the Deed of Debenture. This clause allowed it to appoint a manager or receiver over the assets of Cardinal Drilling Services.

Without understanding the sequence of events leading to this, one may assume this is only normal. After all, the bank needed to take back what is its. However, things took a quick turn from admirable forthrightness in debt recovery to utter ridiculousness as Access Bank then went ahead to list a third party, Seplat, and its chairman as co-defendants in the ensuing litigation. The bank’s slant for this action was that CDS rig 101 and CDS rig 201 were employed in Seplat’s operations the year before (2019). Additionally, the bank believed that all four rigs acquired in 2012 were critical to Seplat’s future drilling plans.

Perhaps the most arbitrary part of the entire saga was that Access Bank claimed, in its filing in the court that Cardinal Drilling Services has Seplat as a sister company jointly promoted by Seplat’s chairman, Ambrose Bryant Orjiako. Moving further, Access Bank accused Seplat of being the real debtor while Cardinal Drilling Services merely functioned as a vehicle smokescreen that Seplat used to subtly obtain the facilities earlier acquired.

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The Nigeria Centre for Disease Control (NCDC) has announced 1131 new cases of COVID-19 in the country bringing the total to 142,578. Eight new deaths were recorded while there were 1192 recoveries. Lagos State is reported to have topped the list.

The 1131 new cases are reported from 22 states- Lagos (297), FCT (194), Kaduna (83), Kano (59), Oyo (58), Taraba (53), Imo (52), Osun (47), Plateau (45), Edo (43), Akwa Ibom (42), Rivers (42), Ogun (29), Kwara (24), Benue (21), Nasarawa (16), Ekiti (7), Bauchi (6), Delta (6), Bayelsa (4), Sokoto (2), and Gombe (1).

The breakdown of the NCDC tweet shows that the 1131 cases were from 22 different states. Lagos State recorded the highest number of cases with a total of 294 cases. The Federal Capital Territory followed with 194 cases while Kaduna State had 83 cases. Find the breakdown in the picture below.

The Nigeria Centre for Disease Control (NCDC) has announced 676 new cases of COVID-19 in the country bringing the total to 131,918. Twenty-one new deaths were recorded while there were 1286 recoveries. Lagos State is reported to have topped the list.

The 676 new cases are reported from 19 states - Lagos (227), Rivers (73), Niger (69), Plateau (56), FCT (50), Kano (44), Oyo (43), Ogun (27), Gombe (18), Ondo (15), Enugu (10), Osun (10), Cross River (, Edo (, Nasarawa (7), Bauchi (4), Kaduna (3), Ekiti (2), and Zamfara (2).

The breakdown of the NCDC tweet shows that the 676 cases were from 19 different states. Lagos State recorded the highest number of cases with a total of 227 cases. Rivers State followed with 73 cases while Niger State had 69 cases. Find the breakdown in the picture below.

The Nigeria Centre for Disease Control (NCDC) has announced 1883 new cases of COVID-19 in the country bringing the total to 130,557. One new death was recorded while there were 932 recoveries. Lagos State is reported to have topped the list.

The 1883 new cases are reported from 23 states- Lagos (1040), FCT (298), Anambra (86), Rivers (54), Taraba (45), Ogun (42), Oyo (40), Akwa Ibom (38), Sokoto (30), Ebonyi (30), Imo (28), Kaduna (28), Osun (27), Kano (21), Benue (19), Edo (17), Gombe (15), Ekiti (9), Delta (, Jigawa (3), Kwara (2), Bayelsa (2) and Plateau (1).

The breakdown of the NCDC tweet shows that the 1883 cases were from 23 different states. Lagos State recorded the highest number of cases with a total of 1040 cases. The Federal Capital Territory followed with 298 cases while Anambra State had 86 cases. Find the breakdown in the picture below.

The Nigeria Centre for Disease Control (NCDC) has announced 1114 new cases of COVID-19 in the country bringing the total to 128,674. Twenty-seven new deaths were recorded while there were 1269 recoveries. Lagos State is reported to have topped the list.

The 1114 new cases are reported from 22 states- Lagos (408), FCT (95), Plateau (90), Ondo (66), Kaduna (63), Oyo (56), Borno (46), Imo (42), Edo (41), Ogun (37), Rivers (31), Ekiti (25), Yobe (20), Kano (18), Akwa Ibom (18), Delta (15), Osun (15), Kwara (11), Bayelsa (6), Nasarawa (6), Zamfara (4) and Bauchi (1).

The breakdown of the NCDC tweet shows that the 1114 cases were from 22 different states. Lagos State recorded the highest number of cases with a total of 408 cases. The Federal Capital Territory followed with 95 cases while Plateau State had 90 cases. Find the breakdown in the picture below.

The Nigeria Centre for Disease Control (NCDC) has announced 1861 new cases of COVID-19 in the country bringing the total to 126,160. Twenty-two new deaths were recorded while there were 1089 recoveries. Lagos State is reported to have topped the list.

The 1861 new cases are reported from 22 states- Lagos (773), FCT (285), Oyo (138), Rivers (111), Plateau (92), Nasarawa (83), Kaduna (59), Enugu (57), Imo (57), Edo (43), Kano (27), Kwara (20), Ebonyi (19), Abia (17), Ogun (12), Osun (12), Katsina (, Bayelsa (6), Bauchi (5), Delta (5), Borno (4), Jigawa (4), and Zamfara (1).

The breakdown of the NCDC tweet shows that the 1861 cases were from 22 different states. Lagos State recorded the highest number of cases with a total of 773 cases. The Federal Capital Territory followed with 285 cases while Oyo State had 138 cases. Find the breakdown in the picture below.

The Nigeria Centre for Disease Control (NCDC) has announced 964 new cases of COVID-19 in the country bringing the total to 121,566. Two new deaths were recorded while there were 2054 recoveries. Lagos State is reported to have topped the list.

The 964 new cases are reported from 19 states- Lagos (360), FCT (88) Ogun (73), Imo (72), Kaduna (67), Plateau (57), Abia (41), Osun (41), Rivers (32), Kano (26), Niger (24), Benue (23), Edo (20), Cross River (20), Akwa Ibom (, Nasarawa (6), Zamfara (6), Ekiti (6) and Jigawa (4).

The breakdown of the NCDC tweet shows that the 964 cases were from 19 different states. Lagos State recorded the highest number of cases with a total of 360 cases. The Federal Capital Territory followed with 88 cases while Ogun State had 73 cases. Find the breakdown in the picture below.

The Nigeria Center for Disease Control (NCDC) has announced 501 new cases of COVID-19 in the country bringing the total to 78,434. Three new deaths were recorded while there were 519 recoveries. Lagos State topped the list.

The 501 new cases are reported from 15 states - Lagos (218), FCT (112), Kaduna (53), Plateau (24), Katsina (21), Kano (16), Yobe (14), Ondo (10), Ogun (9), Edo (7), Bayelsa (5), Rivers (4), Borno (4), Osun (2), and Ekiti (2).

The breakdown in the tweet of the NCDC shows that the 501 cases were from 15 different states. Lagos State recorded the highest number of cases with 218. The Federal Capital Territory followed with 112 cases while Kaduna State had 53 cases. 519 people recovered, which brings the recoveries up to 68,303 from 67,784. Three new deaths were recorded. Find the breakdown in the picture below.

The Nigeria Center for Disease Control (NCDC) has announced 920 new cases of COVID-19 in the country bringing the total to 77,933. Six new deaths were recorded while there were 300 recoveries. Lagos State topped the list.

The 920 new cases are reported from 18 states - Lagos (308), FCT (207), Kaduna (179), Plateau (46), Niger (43), Adamawa (26), Sokoto (18), Rivers (16), Yobe (15), Enugu (13), Kano (13), Ogun (12), Delta (10), Edo (5), Osun (3), Oyo (3), Anambra (2), and Ekiti (1).

The breakdown in the tweet of the NCDC shows that the 920 cases were from 18 different states. Lagos State recorded the highest number of cases with 308. The Federal Capital Territory followed with 207 cases while Kaduna State had 179 cases. 300 people recovered, which brings the recoveries up to 67,784 from 67,484. Six new deaths were recorded. Find the breakdown in the picture below.

The Nigeria Center for Disease Control (NCDC) has announced 201 new cases of COVID-19 in the country bringing the total to 73,374. No new death was recorded while there were 224 recoveries. Kaduna State topped the list.

The 201 new cases are reported from 11 states- Kaduna (74), Lagos (53), Katsina (40), Rivers (11), Plateau (9), Kwara (6), Bauchi (2), Ogun(2), Taraba (2), Edo (1), and Sokoto (1).

The breakdown in the tweet of the NCDC shows that the 201 cases were from 11 different states. Kaduna State recorded the highest number of cases with 74. Lagos State followed with 53 cases while Katsina State had 40 cases. 224 people recovered, which brings the recoveries up to 66,314 from 66,090. No new death was recorded. Find the breakdown in the picture below.

The Nigeria Center for Disease Control (NCDC) has announced 617 new cases of COVID-19 in the country bringing the total to 72,757. Four new deaths were recorded while there were 128 recoveries. Lagos State topped the list.

The 617 new cases are reported from 15 states- Lagos (225), FCT (181), Kaduna (125), Adamawa (25), Nasarawa (20), Kano (12), Rivers (, Edo (4), Ekiti (4), Bayelsa (3), Ogun (3), Plateau (3), Akwa Ibom (2), Delta (1) and Sokoto (1).

The breakdown in the tweet of the NCDC shows that the 617 cases were from 15 different states. Lagos State recorded the highest number of cases with 225. The Federal Capital Territory followed with 181 cases while Kaduna State had 125 cases. 128 people recovered, which brings the recoveries up to 65,850 from 65,722. Four new deaths were recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 474 new cases of COVID-19 in the country bringing the total to 70,669. Two new deaths were recorded while there were 132 recoveries. The Federal Capital Territory topped the list.

The 474 new cases are reported from 16 states- FCT (180), Lagos (134), Kebbi (45), Adamawa (26), Plateau (16), Enugu (14), Taraba (14), Gombe (12), Nasarawa (, Yobe (, Rivers (5), Ogun (5), Kwara (2), Ekiti (2), Sokoto (2), Osun (1).

The breakdown in the tweet of the NCDC shows that the 474 cases were from 16 different states. The Federal Capital Territory recorded the highest number of cases with 180. Lagos State followed with 134 cases while Kebbi State had 45 cases. 132 people recovered, which brings the recoveries up to 65,242 from 65,110. Two new deaths were recorded. Find the breakdown in the picture below.

The Nigeria Center for Disease Control (NCDC) has announced 550 new cases of COVID-19 in the country bringing the total to 70,195. One new death was recorded while there were 163 recoveries. Lagos State topped the list.

The 550 new cases are reported from 17 states- Lagos (219), FCT (168), Kaduna (52), Kwara (19), Kano (15), Rivers (15), Sokoto (10), Enugu(9), Gombe (, Plateau (7), Osun (7), Anambra (5), Oyo (5), Jigawa (4), Ogun (4), Bauchi (2) and Edo (1).

The breakdown in the tweet of the NCDC shows that the 550 cases were from 17 different states. Lagos State recorded the highest number of cases with 219. The Federal Capital Territory followed with 168 cases while Kaduna State had 52 cases. 163 people recovered, which brings the recoveries up to 65,110 from 64,947. One new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 318 new cases of COVID-19 in the country bringing the total to 69,255. No new death was recorded while there were 124 recoveries. Lagos State topped the list.

The 318 new cases are reported from 14 states- Lagos (104), Kaduna (59), FCT (50), Rivers (17), Ogun (16), Kano (14), Nasarawa (14), Akwa Ibom (10), Katsina (10), Edo (7), Oyo (5), Sokoto (5), Plateau (4), Taraba (3).

The breakdown in the tweet of the NCDC shows that the 318 cases were from 14 different states. Lagos State recorded the highest number of cases with 104. Kaduna State followed with 59 cases while the Federal Capital Territory had 50 cases. 124 people recovered, which brings the recoveries up to 64,774 from 64,650. No new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 122 new cases of COVID-19 in the country bringing the total to 67,960. One new death was recorded while there were 409 recoveries. Kaduna State topped the list.

The 122 new cases are reported from 11 states- Kaduna (37) Lagos (29 ), Plateau (25), Ekiti (9), Rivers (5), Ogun (5), Edo (4) Kwara (4), Bayelsa (2), Bauchi (1), and Kano (1).

The breakdown in the tweet of the NCDC shows that the 122 cases were from 11 different states. Kaduna State recorded the highest number of cases with 37. Lagos State followed with 29 cases while Plateau State had 25 cases. 409 people recovered, which brings the recoveries up to 63,839 from 63,430. One new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 145 new cases of COVID-19 in the country bringing the total to 67,557. No new death was recorded while there were 227 recoveries. Lagos State topped the list.

The 145 new cases are reported from 8 states- Lagos (49), FCT (34), Kaduna (34), Plateau (11), Oyo (7), Bayelsa (5), Taraba (4), and Sokoto (1).

The breakdown in the tweet of the NCDC shows that the 145 cases were from 8 different states. Lagos State recorded the highest number of cases with 49. The Federal Capital Territory followed with 34 cases while Plateau State had 11 cases. 227 people recovered, which brings the recoveries up to 63,282 from 63,055. No new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 145 new cases of COVID-19 in the country bringing the total to 67,557. No new death was recorded while there were 227 recoveries. Lagos State topped the list.

The 145 new cases are reported from 8 states- Lagos (49), FCT (34), Kaduna (34), Plateau (11), Oyo (7), Bayelsa (5), Taraba (4), and Sokoto (1).

The breakdown in the tweet of the NCDC shows that the 145 cases were from 8 different states. Lagos State recorded the highest number of cases with 49. The Federal Capital Territory followed with 34 cases while Plateau State had 11 cases. 227 people recovered, which brings the recoveries up to 63,282 from 63,055. No new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 110 new cases of COVID-19 in the country bringing the total to 67,330. No new death was recorded while there were 133 recoveries. Lagos State topped the list.

The 110 new cases are reported from 11 states- Lagos (26), FCT (23), Kaduna (20), Katsina (11), Ogun (7), Ekiti (6), Plateau (5), Rivers (4) Kano (3), Nasarawa (3) and Niger (2).

The breakdown in the tweet of the NCDC shows that the 110 cases were from 11 different states. Lagos State recorded the highest number of cases with 26. The Federal Capital Territory followed with 23 cases while Kaduna State had 20 cases. 133 people recovered, which brings the recoveries up to 62,819 from 62,686. No new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 246 new cases of COVID-19 in the country bringing the total to 67,220. Two new deaths were recorded while there were 101 recoveries. Lagos State topped the list.

The 246 new cases are reported from 10 states- Lagos (81), FCT (73), Plateau (39), Kaduna (25), Ogun (13), Bauchi (5), Rivers (4) Ekiti (2), Taraba (2) and Kano (2).

The breakdown in the tweet of the NCDC shows that the 246 cases were from 10 different states. Lagos State recorded the highest number of cases with 81. The Federal Capital Territory followed with 73 cases while Plateau State had 39 cases. 101 people recovered, which brings the recoveries up to 62,686 from 62,585. Two new deaths were recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 169 new cases of COVID-19 in the country bringing the total to 66,974. No new death was recorded while there were 92 recoveries. Kaduna State topped the list.

The 169 new cases are reported from 12 states- Kaduna (74), FCT (42), Lagos (17), Kano (, Ogun (6), Oyo (6), Rivers (6), Ekiti (3), Bauchi (3), Katsina (2), Delta (1) and Ondo (1).

The breakdown in the tweet of the NCDC shows that the 169 cases were from 12 different states. Kaduna State recorded the highest number of cases with 74. The Federal Capital Territory followed with 42 cases while Lagos State had 17 cases. 92 people recovered, which brings the recoveries up to 62,585 from 62,493. No new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 168 new cases of COVID-19 in the country bringing the total to 66,439. One new death was recorded while there were 70 recoveries. The Federal Capital Territory topped the list.

The 168 new cases are reported from 10 states- FCT (61), Lagos (50), Kaduna (27), Oyo (12), Rivers (6), Katsina (5), Ogun (3), Kwara (2), Edo (1), Kano (1).

The breakdown in the tweet of the NCDC shows that the 168 cases were from 10 different states. The Federal Capital Territory recorded the highest number of cases with 61. Lagos State followed with 50 cases while Kaduna State had 27 cases. 70 people recovered, which brings the recoveries up to 62,311 from 62,241. One new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 56 new cases of COVID-19 in the country bringing the total to 66,439. One new death was recorded while there were 165 recoveries. Kaduna State topped the list.

The 56 new cases are reported from 10 states- Kaduna (18), FCT (17), Lagos (6), Plateau (5), Kano (3), Kwara (2), Yobe (2), Ekiti (1), Niger (1), Rivers (1).

The breakdown in the tweet of the NCDC shows that the 56 cases were from 10 different states. Kaduna State recorded the highest number of cases with 18. The Federal Capital Territory followed with 17 cases while Lagos State had 6 cases. 165 people recovered, which brings the recoveries up to 62,241 from 62,076. One new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 155 new cases of COVID-19 in the country bringing the total to 66,383. One new death was recorded while there were 192 recoveries. Lagos State topped the list.

The 155 new cases are reported from 12 states- Lagos (60), Katsina (37), Kaduna (35), FCT (6), Ogun (4), Edo (3), Kwara (3), Rivers(2), Kano (2), Jigawa (1), Oyo (1) and Taraba (1).

The breakdown in the tweet of the NCDC shows that the 155 cases were from 12 different states. Lagos State recorded the highest number of cases with 60. Katsina State followed with 37 cases while Kaduna State had 35 cases. 192 people recovered, which brings the recoveries up to 62,076 from 61,884. One new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 246 new cases of COVID-19 in the country bringing the total to 66,228. One new death was recorded while there were 102 recoveries. Lagos State topped the list.

The 246 new cases are reported from 11 states- Lagos (66), Plateau (63), FCT (48), Kaduna (21), Bayelsa (19), Rivers (12), Niger (9), Ogun (4), Ekiti (2), Bauchi (1), Osun (1).

The breakdown in the tweet of the NCDC shows that the 246 cases were from 11 different states. Lagos State recorded the highest number of cases with 66. Plateau State followed with 63 cases while the Federal Capital Territory had 48 cases. 102 people recovered, which brings the recoveries up to 61,884 from 61,782. One new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 146 new cases of COVID-19 in the country bringing the total to 65,839. Two new deaths were recorded while there were 116 recoveries. Lagos State topped the list.

The 146 new cases are reported from 11 states- Lagos (62), FCT (23), Kaduna (21), Ogun (12), Rivers (12), Ondo (5), Oyo (3), Plateau (3), Bauchi (2), Katsina (2), Kano (1).

The breakdown in the tweet of the NCDC shows that the 146 cases were from 11 different states. Lagos State recorded the highest number of cases with 62. The Federal Capital Territory followed with 23 cases while Kaduna State had 21 cases. 116 people recovered, which brings the recoveries up to 61,573 from 61,457. Two new deaths were recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 236 new cases of COVID-19 in the country bringing the total to 65,693. One new death was recorded while there were 120 recoveries. Lagos State topped the list.

The 236 new cases are reported from 14 states- Lagos (142), Ogun (19), Kaduna (15), FCT (14), Imo (14), Rivers (14), Plateau (6), Katsina (3), Ekiti (2), Jigawa (2), Oyo (2), Cross River (1), Kano (1), Taraba (1).

The breakdown in the tweet of the NCDC shows that the 236 cases were from 14 different states. Lagos State recorded the highest number of cases with 142. Ogun State followed with 19 cases while Kaduna State had 15 cases. 120 people recovered, which brings the recoveries up to 61,457 from 61,337. One new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 152 new cases of COVID-19 in the country bringing the total to 65,457. No new death was recorded while there were 175 recoveries. Lagos State topped the list.

The 152 new cases are reported from 12 states- Lagos (61), Oyo (39), FCT (13), Yobe (10), Bauchi (6), Kaduna (5), Kano (4), Kwara (4), Plateau (4), Edo (2), Ogun (2), Rivers (2).

The breakdown in the tweet of the NCDC shows that the 152 cases were from 12 different states. Lagos State recorded the highest number of cases with 61. Oyo State followed with 39 cases while the Federal Capital Territory had 13 cases. 175 people recovered, which brings the recoveries up to 61,337 from 61,162. No new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 112 new cases of COVID-19 in the country bringing the total to 64,996. No new death was recorded while there were 93 recoveries. The Federal Capital Territory topped the list.

The 112 new cases are reported from 15 states- FCT (27), Oyo (27), Bayelsa (9), Rivers (9), Delta (7), Edo (5), Kaduna (5), Ogun (5), Anambra (3), Katsina (3), Ondo (3), Osun (3), Plateau (3), Niger (2) and Kano (1).

The breakdown in the tweet of the NCDC shows that the 112 cases were from 15 different states. The Federal Capital Territory recorded the highest number of cases with 27. Oyo State followed with 27 cases while Bayelsa State had 9 cases. 93 people recovered, which brings the recoveries up to 61,029 from 60,936. No new death was recorded. Find the breakdown in the picture below.

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The Nigeria Center for Disease Control (NCDC) has announced 156 new cases of COVID-19 in the country bringing the total to 64,884. One new death was recorded while there were 146 recoveries. Lagos State topped the list.

The 156 new cases are reported from 11 states- Lagos (70), FCT (22), Kaduna (18), Rivers (15), Plateau (11), Ogun (10), Bauchi (3), Katsina (3), Kano (2), Ekiti (1) and Osun (1).

The breakdown in the tweet of the NCDC shows that the 156 cases were from 11 different states. Lagos State recorded the highest number of cases with 70. The Federal Capital Territory followed with 22 cases while Kaduna State had 18 cases. 146 people recovered, which brings the recoveries up to 60,936 from 60,790. One new death was recorded. Find the breakdown in the picture below.

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