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Advertisement The subsidiaries affected by the injunction granted on January 25, 2021, are Royal Dutch Shell; Shell Western Supply and Trading; Shell International Trading and Shipping Company; and Shell Nigeria Exploration and Production Company. The injunction was granted to recover the cash value of 16 million barrels of crude oil allegedly diverted from AITEO Eastern E & P Company Limited. AITEO and some other indigenous oil producers including Belemaoil, Eroton and Newcross had raised a dispute with Shell over allegations of the unapproved methodology used in calculating the volume of crude it lifts on their behalf from the terminal. Advertisement The companies argued that Shell deploys underhand practices including using unapproved meters to facilitate crude theft. ....
Alleged Oil Diversion: Nigerian court declines to unfreeze Shell's bank accounts premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.
Share Justice Oluremi Oguntoyinbo of a Federal High Court, Lagos has fixed March 2 for ruling on whether to entertain a motion challenging its jurisdiction first or contempt proceedings against three banks for allegedly disobeying an order to block Shell Petroleum Development Company of Nigeria Ltd bank accounts. Justice Oguntoyinbo fixed the date after hearing the argument of counsel on which application should be heard first. The judge took arguments in favour of hearing a committal application filed by the plaintiff AITEO Eastern E & P Company Ltd through its counsel Kemi Pinheiro SAN, who led Oladapo Olanipekun SAN and Emeka Ozoani SAN. ....