E-Business
Firm Asks Court to Freeze SAP Accounts over Alleged Contract Breach
B4G Consulting Ltd has asked a Lagos State High Court to restrain Systems Applications Products (SAP) from dissipating $3,371,945.27 and N5mllion with 28 Respondents including the Central Bank of Nigeria (CBN) and 21 other banks, pending determination of an alleged contract breach suit.
It is also seeking a Mareva injunction restraining the 1st-28th Respondents from releasing to SAP $3,371,945.27 and N5mllion held with the 1st – 28th Respondents.
It is further seeking to restrain the 1st-28th Respondents from releasing to SAP any funds or other instruments belonging to SAP and held with the 1st – 28th Respondents up to the value of $3,371,945.27 and N5mllion.
It is also praying for an order directing the 1st-28th Respondents to file and serve affidavits before the court within seven days of the grant of the three prayers above, disclosing all funds belonging and/or due and payable to the Defendants/Respondents and held with them, as at the date of service of this motion on each of the Respondents.
The suit, which was formerly before Justice Olukayode Ogunjobi, has now been reassigned to Justice Ezekiel Ashade and proceedings are to resume on March 26, 2021.
B4G Consulting Ltd & Anor, represented by David Ogebe, its counsel, are the Claimants/Applicants in the suit marked LD/ADR/519/2016, while Systems Applications Products Nig. Ltd and Systems Applications Products (Africa Region) (Proprietary) Ltd are the Defendants/Respondents and are represented by Adedapo Tunde-Olowu SAN.
28 others are nominal respondents are National Petroleum Investment Management Services, Nigeria National Petroleum Corporation (NNPC), Nigerian Petroleum Development Company Ltd, Department Of Petroleum Resources (DPR), CBN, Debt Management Office (DMO).
The banks are: Access Bank, Ecobank, Citibank, Fidelity Bank Plc, First Bank, First City Monument Bank, Globus Bank, Guaranty Trust Bank, Heritage Bank, Keystone Bank, Polaris Bank, Providus Bank, StanbicIBTC Bank, Standard Chartered Bank, Sterling Bank, Sun Trust Bank, Titan Trust Bank, Union Bank, United Bank For Africa, Unity Bank, Wema Bank Plc and Zenith Bank.
Apart from the Mareva Injunction, the claimant is also seeking other reliefs in the main suit. These include:
“An order directing the Defendants to pay to the Claimants the sum of $83,169.78 being outstanding and unpaid sums, $117. 60 in respect of hoteling for 8 Consultants from January – September 2010 and $267, 792 being pay for services of consultants between July to September 2010
“An order directing the Defendants to provide full details and render accounts including all reviews and payments received from the NNPC in relation to the ERP System contract between SAP and NNPC
“An order directing the Defendants to pay the full 10 per centum face value of the ERP System contract as valued at its date of completion. less previous payments to the Claimants.
B4G Consulting averred in its July 27, 2020, amended statement of claim that sometime in 2009 the defendants engaged it to help broker, procure negotiate, secure and implement an ERP System contract (the SAP ERP contract with the NNPC.
The consideration provided in respect of the engagement was the supply or provision of services to a minimum of 10 per cent of the face value of any secured contract.
Pursuant to the claimants’ engagement, a contract with an initial value of $36.75m (subsequently revalued to $42m) was negotiated and secured between the NNPC and SAP.
The claimant commenced the supply or provision of services in line with the terms of its engagement by SAP, but before it could provide the minimum 10 per cent of the ERP contract, the Claimant’s provision of services was halted – by SAP vide letter dated 12 July 2010.
It averred that SAP without any investigation and without hearing from the Claimants issued a letter of 12 July 2010 unilaterally imposing fresh contractual terms on the parties including demanding exclusion of the physical presence of the 2nd Claimant from the project.
Despite the Claimant’s letters in response of 20 July and 12 August 2010 respectively, SAP ignored these letters.
“The Defendants did not issue payment advice to the Claimants but only made sporadic lump-sum payments to the Claimants account on 21 and 26 July, and 16 August 2010.
But opposing the claimant’s prayer in its February 22, 2021, amended statement of defence, the defendants described the claimant’s case as frivolous, an abuse of court processes that should be struck out with substantial costs against the claimants.
They averred that the claimant was “not entitled to the $83,698.78, $117,66, $3,371.945.27 claimed in this action or any other judgments. The Defendant states that it has no contractual obligation to make any disclosures to the Claimant with respect to the said contract as alleged.”
It added further: “The Defendant also states that they never agreed that the condition to be provided in part of the ERP contract with NNPC ‘is a minimum 10 per cent of the face value of any contract’ as alleged by the Claimants.”
Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.
The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.
In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.
Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.
Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.
China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.
The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.
“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.
The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.
It added that it would update its website blog with more information as its investigation continues.
Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.
Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.
Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.
A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.
“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.
Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.
Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.
It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.
Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.
National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.
According to the commission, the website has been circulating online to offer services for Nigerians seeking National Identification Number (NIN) services.
NIMC, in a post on its official X account on Wednesday, said, “NINcard.com is not in anyway affiliated to NIMC. Stay vigilant!”
The warning was accompanied by screenshots of fake payment receipts and OTP request pages from the website, both of which were boldly stamped “FAKE” by NIMC to alert the public.
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