Mareva Order News Today

Ruling also informs Superior Court jurisdiction in dealing with an abuse of process

Ugbo-Ilaje indigenes of Ondo State have demanded that Shell Petroleum Company Limited pay them N3,1 trillion in damages for environmental degradation.

Four more women are accusing Montreal billionaire Robert Miller of sexual exploitation, one of whom alleges she was recruited to have sex with him at just 11 years old.

THE Grand Hotel is officially up for sale, for the princely sum of €2m. The sale of the iconic Tramore hotel comes at a time when its owner, Colm Wu…

    The Debt Albatross and Banking in Nigeria: Ecobank, Vigeo and Victor Osibodu     By Rasheed Bamawo Vigeo Limited was granted various credit facilities to support its business in 2007 by the former Oceanic Bank (Now Ecobank Nigeria Limited), which it failed to liquidate upon expiration in 2008. The Bank had financed the…

Citi Bank and two other commercial banks are in big trouble for violating a court order freezing the accounts of Dutch Oil giant, Royal Shell, in a case involving the alleged theft of over two million barrels of crude. A federal court in Lagos had issued an 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 oil major by Aiteo Eastern E&P. Aiteo is accusing Shell of deliber...

  A Federal High Court in Lagos has fixed March 2 to rule on whether to first hear an application challenging its jurisdiction or committal proceedings against 2 banks for disobeying its order to freeze the accounts of Shell Petroleum Development Company, SPDC. Justice Oluremi Oguntoyinbo fixed the date after hearing arguments of lawyers in the case on which application should be heard first. AITEO Eastern E & P Company Ltd through its counsel, Kemi Pinheiro SAN had filed form 48 as provided u...