A Federal High Court in Abuja on Wednesday, fixed May 12 for a definite hearing of a suit brought before it by Global Gas and Refining Limited against Shell Petroleum Development Company of Nigeria Limited (SPDC).
Justice Inyang Ekwo fixed the date after the submissions of counsel to Global Gas, Celestine Okeke, and SPDC’s lawyer, Adeola Kembi.
Global Gas had, in the suit, sought an order restraining SPDC and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) from selling its onshore asset to Renaissance, a Consortium made up of ND Western Aradel Energy, First E and P, Watersmith and Petrolin.
In the suit marked, FHC/ABJ/CS/413/2024, the company sought the restraining order pending the hearing and the determination of the appeal and cross-appeal filed by the parties before the Supreme Court.
The suit followed a protracted dispute over a Gas Processing Agreement (GPA) between the parties and the subsequent arbitration award that has become a subject of appeals.
Global Gas, in the suit, is praying the court to issue interim orders preventing SPDC from divesting its assets and halting the NUPRC from approving the sale.
The company argued that allowing the transaction to proceed would jeopardise its ability to enforce any favorable judgment or arbitration award, as the assets in question are integral to the dispute.
Global Gas contends that the divestment would undermine the ongoing proceedings and render any eventual arbitration or judicial relief ineffectual.
When the matter was called on Wednesday, Okeke drew the attention of the court to his client’s motion to join the minister of petroleum as 3rd respondent in the suit.
Kembi, who appeared for SPDC, said they had filed a preliminary objection challenging the jurisdiction of the court to hear the matter because the substance of the case was still pending before the Supreme Court.
The lawyer acknowledged that Global Gas had responded to their objection, a position that was confirmed by Okeke and the judge consequently adjourned the matter till May 12 for a hearing of the originating motion filed by Global Gas and the SPDC’s preliminary objection.
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