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Summons three banks for alleged contempt Justice Oluremi Oguntoyinbo of Federal High Court, Lagos, yesterday, declined to vacate her interim Mareva injunction directing 20 banks to block accounts of Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries. x The judge also summoned three of the banks’ secretaries and chief financial officers for allegedly disobeying the order made on January 25, 2021. The court ordered the alleged contemnors to appear before it on the next adjourned date of March 29, 2021. Justice Oguntoyinbo warned th...

By Innocent Anaba A Federal High Court sitting in Lagos, yesterday, refused to vacate the interim Mareva injunction it made directing 20 commercial banks to block Shell Petroleum Development Company of Nigeria, SPDC,) and its subsidiaries’ bank accounts. Trial judge, Justice Oluremi Oguntoyinbo, in her ruling, also summoned three of the banks’ secretaries and chief financial officers for allegedly disobeying the order made on January 25, 2021. The court ordered the alleged contemnors to appear before it on the next adjourned date of March 29, 2021. Justice Oguntoyinbo warned that their fa...

Shell Petroleum Development Company Shell Petroleum Development Company (SPDC) has said it is working to secure expeditious discharge of court order freezing its accounts, which was obtained by AITEO Eastern (E&P) Company Limited. AITEO had sought an ex-parte order from a Federal High Court in Ikoyi, Lagos for an injunction directing 20 commercial banks to block accounts of SPDC and affiliates of the Royal Dutch Shell company operating in Nigeria in a bid to recover cash value of more than 16 million barrels of crude allegedly diverted by the oil giant. Justice Oluremi Oguntoyinbo gave the or...

Shell seeks ICSID arbitration over Rivers case Shell has filed for arbitration against Nigeria over an ongoing dispute around oil spills. © Bloomberg Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Shell has filed for arbitration against Nigeria over an ongoing dispute around oil spills. Shell Petroleum and Shell Petroleum Development Co. (SPDC) registered their claim against Nigeria last week at the Internat...

Britain's Supreme Court ruled on Friday that more than 40,000 people in the Niger Delta region of Nigeria can make pollution claims against Anglo-Dutch energy g