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Corporate titans battle for control of First Bank of Nigeria

Court unfreezes Petralon accounts over facts suppression by Eurafic Energy

The court became aware that Eurafric misled it while considering Petralon 54’s affidavit in response to Eurafric’s Counter affidavit deposed to on October12, 2022.

'Material facts suppression' — Court faults Eurafric Energy, unfreezes Petralon accounts

A federal high court in Lagos has vacated an order freezing bank accounts belonging to Petralon 54 Limited, an oil company and Petralon.

Suppression of material facts: Court unfreezes Petralon's 18 bank accounts

Justice Daniel Osiagor of a Federal High Court sitting in Lagos on Friday, October 15, 2022, vacated an order it granted, freezing the bank accounts