By Emmanuel Addeh
Equinor ASA has said the Nigerian Supreme Court overturned a ruling that had threatened to divert 1.5 per cent of the company’s profits from one of the country’s largest oil fields to a former consultant.
The Supreme Court decision that the lower court had no jurisdiction over the case should conclude a dispute that has played out in the West African nation for more than a decade, Equinor spokesman Erik Haaland said.
“We are pleased with the court’s decision, which is in line with our position,” he said in an emailed statement.
Bloomberg reported that John Abebe, the former consultant who sued the Norwegian oil producer, was also on trial in a separate case where he was accused of forging documents submitted as evidence during his original claim, according to a statement on the website of Nigeria’s anti-graft agency.