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Court Reverses Self On OPL 245, Returns Oil Block To Shell, ENI

BEVERLY HILLS, March 17, (THEWILL) – Justice John Tsoho of the Federal High Court in Abuja has reversed his order revoking OPL 245 from Shell Nigeria Limited and Eni, two months after the Economic and Financial Crimes Commission, EFCC, ‎got an order for the forfeiture of the oil block.

The anti-graft agency had asked the court to temporarily return OPL 245 to the government while it continued its investigation‎ of alleged corruption in the sale of the block.

But Shell and Eni filed an application seeking the vacation of the January 26 order of interim forfeiture of OPL 245, considered to be Nigeria’s largest oil block.

Ruling on Friday, the court reversed the order, and it also refused the application of Malabu Oil and Gas to join the matter.

The court described the application by Malabu, as lawless and constituted an abuse of court process.

Justice Tsoho also ruled that with the order of interim forfeiture discharged on Friday, the matter initiated by the EFCC had been closed, adding that any other further dispute relating to the OPL245 should be resolved through a substantive action.



This post first appeared on News In Nigeria, please read the originial post: here

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Court Reverses Self On OPL 245, Returns Oil Block To Shell, ENI

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