Latest News

Malabu oil: FG, Shell, Agip lose bid to stop hearing of Abacha’s suit

Published by

The Federal High Court, Abuja has rejected moves by the Federal Government, Shell Nigeria Exploration, Nigeria Agip Exploration Company and others to prevent the hearing of a suit seeking to reclaim the Oil Prospecting License (OPL) 245 originally awarded to Malabu Oil and Gas Limited.

The suit, numbered: FHC/ABJ/CS/201/2017 was filed in the name of Malabu Oil and Gas Ltd by Mohammed Sani Abacha, son of the late Head of State, Sani Abacha, who claimed to be the major shareholder of the oil firm.

In a ruling on Tuesday, Justice Binta Nyako dismissed the preliminary objections filed by the defendants in the case and held that the court has jurisdiction to hear the case which relates to oil and gas.

As against the contention by the defendants, Justice Nyako also held that the suit was not caught by the Public Officers Protection Act and as such, was not statute-barred.

The judge further held that the plaintiff was right to have included the minister of petroleum as a defendant, because the minister, being a juristic personality, could sue and be sued.

Justice Nyako held that the suit did not amount to an abuse of the process of the court, adding that no evidence exists that issues raised have been determined by any other court.

After counsel to parties, including Reuben Atabo (for the plaintiff) assured the court that they were ready to proceed to the hearing of the substantive suit, Justice Nyako adjourned till March 9, 2021 for hearing.

Defendants in the suit are the Federal Government of Nigeria, the Minister of Petroleum Resources, Shell Nigeria Ultra-Deep Ltd, Shell Nigeria Exploration and Production Company Ltd, Nigeria Agip Exploration Company Ltd and former Petroleum Minister, Dan Etete.

In its statement of claim, the plaintiff stated among others, that it was not part of the purported allocation of the OPL 245 to Shell and Agip and for which they allegedly paid $1.3billion to Etete, with the federal government providing the account into which it was paid as its actual shareholders were excluded from the process.

The plaintiff added that it was also not part of the Block 245 Resolution Agreement of April 29, 2011 entered between the FG, Shell, Agip and Etete, purporting to represent Malabu Oil, adding that it “did not relinquish any or all of its rights and interests in OPL 245 to any person or persons.”

It added that the purported allocation of OPL245 to Shell and Agip in 2011 is in violation of its rights as the holder of the “OPL 245 to exclusively explore and prospect for petroleum with the area of its licence, pursuant to Paragraph 5 of the First Schedule to the Petroleum Act, and is therefore null and of no effect.”

The plaintiff is praying the court for, among others, an order of perpetual injunction restraining the defendants from carrying out any exploration or prospecting activities in connection with or in relation to the area covered by OPL 245.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

Pollution, Deforestation: How Ignorance, Unclear Environmental Policies Influence Booming Fish Smoking Industry

Rays of the afternoon sun pelted her head as she fanned the embers beneath the half-cut iron drum with the smoke permeating the air. “This smoke is unbearable, Iya Maria,” said one of the three neighbours conversing under a makeshift shed about five meters away. Their voices rose and fell intermittently…

Selfies, video calls and Chinese documentaries: The things you’ll meet onboard Lagos-Ibadan train

The Lagos-Ibadan railway was inaugurated recently for a full paid operation by the Nigerian Railway Corporation after about a year of free test-run. JUSTICE NWAFOR joined the train to and fro Lagos from Ibadan and tells his experience in this report…

 

Recent Posts

Housing: Experts suggest solutions to loan defaults by pensioners

Affordable housing advocates have suggested way out of housing loans default by the retired civil…

20 minutes ago

NIESV raises concerns over outdated land law, housing policies 

FRESH concerns have been raised over the outdated land and housing policies in Nigeria. Raising…

50 minutes ago

Wike warns PDP over zoning of 2027 presidential ticket

    Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Monday warned the…

1 hour ago

2025 Hajj: Oyo, Kogi, Imo, Abia complete airlift of pilgrims

    As the airlift operation of Nigerian pilgrims to this year’s Hajj in the…

1 hour ago

Less than 30% of Nigerian cities have development plan  — Ogunleye, MD, MPL

Dr. Moses Ogunleye, the Managing Director, MOA Planners Limited and former President, Association of Town…

1 hour ago

FG raises N1.093 trn via Sukuk to fund infrastructure development — DMO

  The Federal Government has raised N1.093 trillion through sovereign Sukuk issuances to fund the…

2 hours ago

Welcome

Install

This website uses cookies.