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I didn’t forge oil contract, Obasanjo’s in-law tells court On Kindly Share This Story: John Abebe, a businessman and brother-in-law of former President Olusegun Obasanjo, on Monday, before an Ikeja Special Offences Court, denied forging parts of an oil contract. The News Agency of Nigeria (NAN) reports that an oil company, Statoil Nig. Ltd. had on June 22, 2010, accused the brother of the late former First Lady, Mrs Stella Obasanjo, of forgery. Statoil Nig. Ltd. alleges that the defendant forged parts of a Net Profit Interest Agreement (NPIA) dated Nov. 30, 1995, which was drafted by British Petroleum (BP). Abebe who was arraigned on July 26, 2018, faces a four-count charge of forgery, fabricating evidence, using fabricated evidence and attempt to pervert the course of justice. ....
Davidson Iriekpen The Supreme Court yesterday upheld the appeal filed by a Norwegian oil firm, Statoil Nigeria Limited (now Equinox Nigeria Limited), against the judgment of the Federal High Court in Lagos which ordered it to pay an indigenous company, Inducon Nigeria Limited and its promoter, Dr. John Abebe 1.5per cent net profit interest accruable to it from the three oil blocks allocated to them for bringing it to Nigeria to explore oil resources. In a unanimous decision, the apex court agreed with Statoil that the Federal High Court did not have jurisdiction to hear the case in 2010. The five-man panel of the court said Abebe and his company, Inducon, should have filed the case at the Lagos High Court which should have been the proper place to start the case, and not at the Federal High Court. ....
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. ....
Equinor Says It Wins Nigeria Case Over Agbami Oil Profits William Clowes, Bloomberg News
, Photographer: Simon Dawson/Bloomberg (Bloomberg) Equinor ASA said the Nigerian Supreme Court overturned a ruling that had threatened to divert 1.5% of the companyâs profits from one of the countryâs largest oil fields to a former consultant. The Supreme Court ruling Friday that the lower courts had no jurisdiction over the case should conclude a dispute that has played out in the West African nationâs courtrooms for more than a decade, Equinor spokesman Erik Haaland said. âWe are pleased with the courtâs decision, which is in line with our position,â he said in an emailed statement. ....
Equinor wins decade-long court fight over Nigeria oil profits By William Clowes on 2/5/2021 (Bloomberg) Equinor ASA said the Nigerian Supreme Court overturned a ruling that had threatened to divert 1.5% of the companyâs profits from one of the countryâs largest oil fields to a former consultant. The Supreme Court ruling Friday that the lower courts had no jurisdiction over the case should conclude a dispute that has played out in the West African nationâs courtrooms for more than a decade, Equinor spokesman Erik Haaland said. âWe are pleased with the courtâs decision, which is in line with our position,â he said in an emailed statement. ....