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AITEO vs Shell: Court Refuses To Unfreeze SPDC's Bank Accounts – Channels Television

A Federal High Court sitting in Lagos has refused to discharge an interim order it granted, freezing the bank accounts of Shell Petroleum Development Company of Nigeria (SPDC) and that of its subsidiaries.
In her ruling on the case on Tuesday, Justice Oluremi Oguntoyinbo summoned the secretaries and chief financial officers of two banks who allegedly disobeyed the interim ex-parte order directing the freezing of the accounts.
The affected banks and their officials are Citi Bank Ltd., its Company Secretary, Sola Fagbure, and Chief Financial Officer, Sharaf Mohammed, as well as United Bank For Africa (UBA) Plc, its Company Secretary, Bill Andrew Odum, and Chief Financial Officer, Ebenezer Kolawole. ....

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Court Fixes March 9 To Rule On Order Freezing Shell's Bank Accounts – Channels Television

A Federal High Court sitting in Lagos has fixed March 9 to rule on whether to discharge the interim ex-parte order it granted freezing the bank accounts of Shell Petroleum Development Company (SPDC) in 20 commercial banks.
On the same day, the court will also rule on whether it has the jurisdiction to even entertain the suit and another seeking to commit to prison the banks and its officials who were said to have disobeyed the interim ex-parte order.
Justice Oluremi Oguntoyinbo had granted the order at the instance of AITEO Eastern E&P Company Ltd. who is seeking to recover the cash value of “more than 16 million barrels of crude oil” allegedly diverted by Shell. ....

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