Court restrains energy firms, others from accessing funds over N32b debt dispute | The Guardian Nigeria News - Nigeria and World News

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A Federal High Court, Lagos, has restrained Shebah Exploration and Production Company Ltd, Sheban Petroleum Development Company Ltd and Dr. Ambrose Orjiako...

A Federal High Court, Lagos, has restrained Shebah Exploration and Production Company Ltd, Sheban Petroleum Development Company Ltd and Dr. Ambrose Orjiako and persons acting on their behalf from withdrawing from the accounts of nine other defendants and 29 banks.

The 4th to 8th defendants are companies in which the 3rd defendant has substantial interest. The 4th to 9th respondents are Seplat Petroleum Development Plc; Zebra Energy Nigeria Ltd; Glencore UK Ltd; Abbey Court Energy Service Ltd; Neimeth Pharmaceutical International Plc; All Trustees, Proxies, Agents, Nominees and all individuals or body corporates holding the asset or assets of the 3rd defendant, Dr Orjiako.

The interim order of Mareva injunction also barred the 1st, 2nd and 3rd defendants from disposing any of their assets.

 

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