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Aiteo loses again to Shell in London court

Published: December 26, 2022

The long-running case concerns a debt allegedly owed by Aiteo to Shell and several other claimants.

Source: premiumtimesng.com

Related Topics:

United KingdomCity OfJustice FoxtonAiteo Easternep CompanyArbitration Of The International ChamberA London High CourtNigerian Federal High CourtShell PlcAfrica Finance CorporationHigh CourtLondon High CourtAiteo Easternep Company LimitedArbitration ActOnshore FacilityOffshore FacilityOnshore Facility AgreementInternational ChamberOffshore ArbitrationSecond Award

Shell, AFC, seven Nigerian banks battle Aiteo over $2 billion loan

Published: April 5, 2022

The claimants say Aiteo has failed to pay back $2 billion it borrowed from them, but the oil firm claims no responsibility after declaring force majeure.

Source: premiumtimesng.com

Related Topics:

United KingdomCity OfAluko OyebodeFidelity BankAiteo Easternep CompanyNigerian CourtNigerian Federal High CourtShell PlcFirst BankAfrica Finance CorporationGuaranty Trust BankZenith BankEcobank NigeriaSterling BankHigh CourtUnion BankAiteo Easternep Company LimitedShell Western SupplyTrading LimitedEcobank Nigeria LimitedNigeria LimitedOnshore FacilityOffshore FacilityOnshore LendersOnshore Facility Agreement