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Court declines to unfreeze Shell's bank accountsNigeria — The Guardian Nigeria News – Nigeria and World News

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.
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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 that their failure to appear would result in a warrant for their arrest.
The judge made the order in her ruling on three applications in a suit marked FHC/L/CS/52/2021, filed by Aiteo Eastern E&P Company Ltd against SPDC and four others. ....

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Alleged $2.7bn oil theft case: Court refuses to unfreeze Shell's 20 bank accounts

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 failure to appear would result in a warrant of arrest being issued against them. ....

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Court refuses to unblock Shell's bank accounts

Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos on Tuesday declined to vacate an interim injunction directing 20 banks to block Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries’ bank accounts. ....

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Alleged $2.7bn oil theft: Court blocks Shell's move to unfreeze company accounts

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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.
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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.
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The companies argued that Shell deploys underhand practices including using unapproved meters to facilitate crude theft. ....

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Alleged Oil Diversion: Nigerian court declines to unfreeze Shell's bank accounts

Alleged Oil Diversion: Nigerian court declines to unfreeze Shell's bank accounts
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