Here is why Nigerian Court Declined To Unfreeze Shell’s Bank Account plus update on legal fireworks between Shell Petroleum Development Company (SPDC) and Aiteo Eastern E&P Company Limited over $2.7bn worth of missing crude oil. Shell fails to get Bank accounts unfrozen, deepens 2.7bn ‘Oil Theft’ defenseJustice Oluremi Oguntoyinbo of a Federal High Court in Lagos, yesterday declined to vacate the interim mareva injunctiondirecting20banks to block the bank accounts of Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries over alleged oil theft. The judge also summoned…
Read More$2.7bn ‘Oil Theft’: Shell fails to get 20 Nigeria’s Bank Accounts Unfrozen
