Judiciary
THREE banks in Nigeria out of 20, which were ordered to close the account of Shell Petroleum Development Company of Nigeria, SPDC, have been summoned by the Federal High Court in Lagos over contempt of court.
The court on Tuesday, March 9, summoned the secretaries and chief financial officers of the three banks for allegedly disobeying its interim orders of January 25, 2021, directing them to block SPDC and its subsidiaries’ accounts.
Justice Oluremi Oguntoyinbo ordered the officials to appear before the court on the next adjourned date of March 29, 2021.
The judge made the order while ruling on applications in a suit by Aiteo Eastern E&P Company Ltd against SPDC and four others.
Aiteo is claiming about $4 billion against SPDC over alleged problems with the Nembe Creek Trunk Line, NCTL, pipeline it bought from the Anglo-Dutch group in 2015 and over claims that Shell misallocated its oil exports.
The respondents in the suit marked FHC/L/CS/52/2021 are: Royal Dutch Shell Plc; Shell Western Supply and Trading Ltd; Shell International Trading and Shipping Company Ltd; and Shell Nigeria Exploration and Production Company Ltd.
Realnews reports that got an interim mareva injunction ordering 20 commercial banks to block SPDC and its subsidiaries’ accounts but only 17 complied.
The order was in a bid to recover the cash equivalent of more than 16 million barrels of crude oil allegedly diverted by the oil giant from.
The court had issued the injunction barring Royal Dutch Shell’s Nigerian subsidiaries from withdrawing money at 20 local banks until it “ringfences” potential damages in a lawsuit brought against the company by Aiteo
– Mar. 09, 2021 @ 19:05 GMT |
Tags: Court summons 3 banks for not closing Shell accounts
