General Hydrocarbons Limited has urged the Federal High Court in Lagos to discharge the order freezing the assets and accounts of General Hydrocarbons Limited and its related entities, aimed at recovering an alleged loan of $225.8 million extended to the oil company on grounds that it was obtained through fraudulent misrepresentation and the concealment of material facts at the time the order was obtained. Justice Deinde Dipeolu had on December 30, 2024 granted an ex-parte order brought before him by First Bank Nigeria Limited. He restricted all commercial banks…
Read MoreGHL, Others to Court: Lift Freezing Orders Obtained by First Bank
