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Alleged Oil Diversion: Nigerian court declines to unfreeze Shell s bank accounts

Alleged Oil Diversion: Nigerian court declines to unfreeze Shell s bank accounts
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Court adjourns Shell $2 7bn oil theft , case till March 2

Share Justice Oluremi Oguntoyinbo of a Federal High Court, Lagos has fixed March 2 for ruling on whether to entertain a motion challenging its jurisdiction first or contempt proceedings against three banks for allegedly disobeying an order to block Shell Petroleum Development Company of Nigeria Ltd bank accounts. Justice Oguntoyinbo fixed the date after hearing the argument of counsel on which application should be heard first. The judge took arguments in favour of hearing a committal application filed by the plaintiff AITEO Eastern E & P Company Ltd through its counsel Kemi Pinheiro SAN, who led Oladapo Olanipekun SAN and Emeka Ozoani SAN.

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