Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos on Tuesday declined to vacate an interim injunction directing 20 banks to block Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries’ bank accounts.
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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.
A Federal High Court in Lagos has fixed March 2 to rule on whether to first hear an application challenging its jurisdiction or committal proceedings against 2 banks for disobeying its order to freeze the accounts of Shell Petroleum Development Company, SPDC.
Justice Oluremi Oguntoyinbo fixed the date after hearing arguments of lawyers in the case on which application should be heard first.
AITEO Eastern E & P Company Ltd through its counsel, Kemi Pinheiro SAN had filed form 48 as provided under the Sherrif and Civil Process Act to initiate contempt proceedings against the banks and its officials.
Pinheiro told the judge that the alleged contemnors willfully disobeyed the court’s interim orders of January 25, 2021, directing them to block SPDC accounts, for allegedly “interfering, obstructing and/or frustrating compliance with the interim orders.”
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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.