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Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip - Politics - Nairaland

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Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Islie: 7:26am On Mar 20, 2017
…disowns Dan Etete over Malabu Oil

…sues FG, Shell, Agip, others

By Tunde Oyesina

Son of the late military Head of State, Gen. Sani Abacha, Mohammed, had begun a legal battle to reclaim the $1.3 billion Oil Prospecting Licence (OPL) 245, which was allocated to Malabu Oil Gas Limited. Mohammed Abacha is a Director and the largest shareholder of Malabu Oil Gas Limited. The two other major shareholders are Amafagha Kweku and Hindu Hassan.

There have been a couple of suits before different courts in recent time over the oil bloc. While the Economic and Financial Crimes Commission (EFCC) had approached the court seeking a forfeiture order of the said licence from Shell Nigeria Exploration and Production Company Limited, and Nigerian Agip Exploration Company Limited, the Federal Government had, in another suit, slammed a six-count corruption charge on a former Attorney General of the Federation and Minister of Justice, Mohammed Adoke (SAN); former Minister of Petroleum, Chief Dan Etete and nine others for their involvement in the sales of the oil bloc to Shell and Agip.

The newest of the suit was filed by Malabu Oil at the registry of the Federal High Court sitting in Abuja on Friday wherein Abacha joined the Federal Government and eight others over alleged illegal re-allocation of the oil bloc to Shell and Agip. Justice John Tsoho of the Federal High Court, Abuja had, on Friday, in the suit filed by the EFCC, reversed a forfeiture order it earlier granted against Shell and Agip as regards the oil bloc.

The forfeiture order was at the instance of an ex-parte application filed by the anti-graft agency praying the court to take over the licence of the oil bloc from the companies and return it to the Federal Government.

However, on Friday, the day the forfeiture order was reversed, Malabu Oil approached the court on ground that the Federal Government has no power to re-allocate the oil bloc to Shell and Agip while its (Malabu) rights and interests in the oil bloc is still pending. In the fresh suit filed by Malabu Oil through its lawyer, J.A Achimugu, the plaintiff is asking the court to grant an order compelling the Federal Government to restore the rights to the exclusive possession of OPL 245 to it.

Joined, as 1st to 7th defendants in the suit, were the Federal Government of Nigeria, Minister of Petroleum Resources, Shell Ultra Deep Limited and Shell Nigeria Exploration and Production Company Limited.

Others are Nigerian Agip Exploration Company Limited, EFCC and Chief Dan Etete. In a 29-paragraph affidavit deposed to by Mohammed Sani Abacha, he averred that Malabu Oil was incorporated in April 1998 with the Certificate of Registration number RC 334442, adding that the company was incorporated with a total share capital of 20 million ordinary shares.

Abacha further averred that out of the 20 million shares, he is holding 10 million shares, while Kweku and Hassan are holding six million and four million shares respectively.

He further stated that Etete does not directly or indirectly hold any shares in the company as there is no transfer of shares in his favour, even though he claims to indirectly hold 30 per cent shares of the company in the name of Amafagha Kweku, adding that there is no such transfer.

The son of the former Head of State also averred that Malabu had applied for Oil Prospecting Licence and same was granted by the Minister of Petroleum on April 29, 1998 via letters of allocation of OPL 214 and 245.

It was also averred that the company made payment of N50,000 as application fee, $10,000 as bid processing fees and part payment of or a deposit payment of $2,400,000 as signature bonus. According to him, “On the 2nd of July, 2001, the Federal Government and the Minister of Petroleum revoked the OPL 245. The plaintiff sued the Federal Government at the Federal High Court Abuja over the said revocation.

The matter went on appeal before the Court of Appeal, Abuja Division, in appeal no. CA/ A/99/M/06, but was subsequently resolved through an out-of-court settlement agreement executed by the parties namely: Malabu Oil and Gas Ltd. and the Honourable Minister of Petroleum resources on behalf of the Federal Government of Nigeria on November 30,2006.

“In pursuance of and in the perfection of the under standing in the out-of-court settlement agreement, the Federal Government issued a letter of re-allocation dated July 2, 2010, reallocating OPL 245 to the plaintiff.

The re-allocation of OPL 245 to Malabu Oil brought disputes between the Federal Government and Shell Nigeria Ultra Deep over production of sharing contract. “While the allocation to the Malabu Oil is still pending, the Federal Government, Shell, Agip and NNPC surreptitiously entered what they called, ‘BLOCK 245 RESOLUTION AGREEMENT’ dated April 29, 2011.

In spite of the acknowledgment of the subsisting rights and interest of the plaintiff on OPL 245, the plaintiff was not a party to, but deliberately and purposefully excluded from Block 245 resolution agreement of April 2011 to enable the parties to agree among themselves to allocate OPL to the 4th and 5th defendants,” he stated. Furthermore, the deponent stated that both Shell and Agip resolved to pay $1.3 billion to Etete purportedly in the name of the plaintiff but through the Federal Government as a facilitator.

He also averred that after the allocation of OPL 245 to Shell and Agip, the Federal Government forwarded its escrow accounts to the oil companies with details No. 41451496 IBAN: GB 30 CHAS 609242 411493 with J.P Morgan Chase Bank for Shell and Agip to enable them to effect the payment of the sum of over $1 billion into the Federal Government account.

“Sometimes in May 2011, Shell and Agip paid the sum of $801,540,000 into the escrow account with J.P Morgan Chase Bank. Sometimes in or about August 2011, the Federal Government caused the total sum of $801,540,000 to be paid into two unauthorised bank accounts opened by or at the instance of Etete in the name of Malabu Oil from the Federal Government escrow account,” he added.

He further noted that the said sum was paid in two tranches into two different bank accounts which is: First Bank of Nigeria Plc. with Account no. 2018288005 with the sum of $401,540,000 paid into it, while another $400,000,000 was paid into a Keystone Bank Limited with account no. 3610042472.
Abacha added that the two accounts were opened without the consent or knowledge of Malabu Oil and that same was operated by Etete, in the name of Malabu Oil of which he (Etete) was the sole signatory.

Abacha also averred that Malabu Oil did not, in any way, benefit from the payment of the said payment because Etete was the sole signatory to the two accounts. Malabu is, however, praying the court for a declaration that its rights and interest in OPL 245 granted or re-allocated to it is still valid and subsisting.

It also wants a declaration that not being a party to the Block 245 Resolution Agreement dated April 29, 2011 is not bound by the terms of the said agreement as it relates to or concerns OPL 245. In addition, the plaintiff is seeking a declaration that not being a party to the block 245 resolution agreement dated April 29, 2011, any payment purportedly made by the defendants into any bank account purporting to be the plaintiff’s bank account and or made to the 9th defendant purportedly in the name of the plaintiff was not payment made in pursuance of the said Block 245 Resolution Agreement.

Also, the plaintiff is seeking a declaration that the allocation of OPL 245 by the 1st and 2nd defendants to the 4th and 5th defendant’s via the 2nd defendant’s letter on May 11, 2011 titled: “Re: OPL 245 Resolution Agreement/ Letter of Award” while the plaintiff’s rights and the interests to OPL 245 was subsisting is in violation of the plaintiff’s exclusive right under paragraph 5 of the 1st schedule to the Petroleum Act to explore and prospect for petroleum within the area covered by OPL 245 and is, therefore, invalid, wrongful, null andand of no effect whatsoever.

The plaintiff also wants the court to give a declaration that the grant of OPL 245 by the 2nd defendant to the plaintiff in the exercise of the 2nd defendants powers under Section 2 of the Petroleum Act Cap. P.10 Laws of the Federation of Nigeria, 2004 does not constitute an offence under any penal law in Nigeria and OPL 245 is not the proceeds of any offence or crime under EFCC (Establishment) Act Cap. E1 Laws of the Federation 2004 or any other law in force in Nigeria.

The plaintiff, however, wants the court to make an order compelling the defendants to restore to it its right to the exclusive possession of OPL 245. It is also praying the court for an order of perpetual injunction restraining the defendants and in particular the 6th defendant from treating and or dealing with OPL 245 as a proceed of an offence and from interfering in any manner whatsoever and howsoever with the plaintiff’s exclusive right to explore and prospect for petroleum in the area of OPL 245.

It also wants an order of perpetual injunction restraining the defendants from carrying out any exploration or prospecting activities in connection with or in relation to the area covered by OPL 245. The suit is yet to be assigned to a judge.


http://newtelegraphonline.com/news/abachas-son-fights-reclaim-1-3bn-oil-bloc/

1 Like

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by gohzieh(m): 7:27am On Mar 20, 2017
hmmm..is it your inheritance

28 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Nobody: 7:34am On Mar 20, 2017
.Is he fighting for oil blocs in Borno or far away Niger Delta
.

85 Likes 5 Shares

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Nobody: 7:40am On Mar 20, 2017
This is where i expect the Niger Deltans to be more vocal. Imagine a man from the North fighting to claim an oil well in the Niger Delta



Nigeria is a big fraud.




Mohammed Abacha should be facing corruption charges but the Northerners are Saints




An average ND youth feels more comfortable working the oil rigs of these northern theives.



#Pity

121 Likes 11 Shares

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Fremancipation: 7:45am On Mar 20, 2017
"Oil", The sole reason why Nigeria still exists. Take away oil and you will realize that Nigerian togetherness is a fallacy.

Imagine a clown whose ancestors came from Sahara desert fighting for niger delta oil block. Even though in a sane country, he should have been banished for his evil fathers deeds.

89 Likes 5 Shares

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by GavelSlam: 7:51am On Mar 20, 2017
I can see Fayose's minions are confused.

As the federal government tries to retrieve said oilfield many were making all manner of careless statements.

Now, it would be nice to hear from you lot.

5 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by ERockson: 7:52am On Mar 20, 2017
Funny country

2 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by babyfaceafrica: 7:55am On Mar 20, 2017
Okay..just politics
Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by greatgod2012(f): 7:56am On Mar 20, 2017
Oil is the major reason the Northerners are fighting for one Nigeria, nothing else!

71 Likes 4 Shares

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by BoleynDynaSTY(f): 8:00am On Mar 20, 2017
I just don't understand this people walahi....that family shouldn't have any say in anything Nigeria. After everything his father did to this country, his son still has the guts to fight for oil bloc in another man's backyard. We should kuku handover Nigeria to you people naw

41 Likes 2 Shares

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Flyingngel(m): 8:11am On Mar 20, 2017
After Siemens contract scandal, this Malabu is another scandal that will b moving in circle until all those involve will get old and die? Nigeria i hail thee.

10 Likes 1 Share

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by SIRmanjar(m): 8:50am On Mar 20, 2017
GavelSlam:
I can see Fayose's minions are confused.

As the federal government tries to retrieve said oilfield many were making all manner of careless statements.

Now, it would be nice to hear from you lot.
u are the confused person here..Dis is why ur northern brothers fought so hard to make sure jona loose de election..So dat oil blocs will remain in de handz of northeners.

33 Likes 1 Share

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by GavelSlam: 8:55am On Mar 20, 2017
SIRmanjar:

u are the confused person here..Dis is why ur northern brothers fought so hard to make sure jona loose de election..So dat oil blocs will remain in de handz of northeners.

You are the confused one.

The government has never hidden it's intention of transferring the field to proven international operators by way of transparent bidding.

Your likes were busy praising the Etetes of this world not realising that sometimes such people are mere figureheads who have little or no say in the day to day running of corporations they oversee.

In this case both parties are hoping one or the other gets the verdict in their favour. In other words, heads or tails they win.

4 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by SIRmanjar(m): 9:15am On Mar 20, 2017
GavelSlam:


You are the confused one.

The government has never hidden it's intention of transferring the field to proven international operators by way of transparent bidding.

Your likes were busy praising the Etetes of this world not realising that sometimes such people are mere figureheads who have little or no say in the day to day running of corporations they oversee.

In this case both parties are hoping one or the other gets the verdict in their favour. In other words, heads or tails they win.
lol.wotta u saying?The ettetes are figureheads of who?Figure headz of the northern oppressors..Wot have bin stopping u guyz ever since de seventies from distributing de oilfield equally amongst qualified nigerianz.

11 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Nobody: 9:58am On Mar 20, 2017
.....

4 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by veekid(m): 10:28am On Mar 20, 2017
Why dem no lock this man up for his papa's deeds? Shey Bible don talk am s

1 Like

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Goldenheart(m): 10:28am On Mar 20, 2017
cry
Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by TippyTop(m): 10:28am On Mar 20, 2017
No wonder the Abacha's been going to Aso Rock frequently.
Buhari's daughter was also seen with Abacha's daughter in London recently.
Anyway according to dullard Abacha didn't steal any money and the oil belongs to them.

15 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by XaviDayo(m): 10:29am On Mar 20, 2017
Naija.....Papa thief our money....we still recovering from it and here comes his prodigy....Naija is a failed state wallahi

6 Likes 1 Share

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by MikaSoko(m): 10:29am On Mar 20, 2017
Olodo wink
Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Nobody: 10:30am On Mar 20, 2017
I blame Buhari sha . Telling us Abacha didn't steal emboldened the thieving family to come out of their shell.

13 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Nobody: 10:31am On Mar 20, 2017
.
can you imagine the nonsense..

Fighting for oil blocs in a far away land

a land where the owners are impoverished and suffering terribly.

Gosh!!

why should a northerner claim another's birthright

11 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by mrvitalis(m): 10:31am On Mar 20, 2017
Smh ..first of all it doesn't matter were the man who owns the oil well is from as far as its done the right way ...but a son of abacha ...?? Come on bro take a chill pill

Its time fg take actions against people who just bid for oil wells and live them dormant ...Nigerians own around 55% of Nigerian oil wells ( don't mind what u hear ..all tribes represented) ..but they just live them dormant ..its a shame that Nigerian oil wells contribute less than 10% of our oil production.... Its time we revock and oil block not producing atleast at 70% capacity after 7 years ..

Buying an oil block is the easier part ..making it produce requires over 2 billion dollar's ...and how many people can afford that ..imagine if our locally owned oil wells were producing.. What our out put will be like

3 Likes 1 Share

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by LastSurvivor11: 10:32am On Mar 20, 2017
Have u wondered why it's now that buhari is the president and minister of petroleum his suing the government..

I wunt be suprise if FG carefully and stylishly looses the case undecided

14 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Nobody: 10:33am On Mar 20, 2017
Please, who's got the Apple that sends his father on a journey of no return?

3 Likes 1 Share

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by Kennywills7(m): 10:33am On Mar 20, 2017
So Many people illegally enriched themselves through awarding of that oil bloc and so it's only proper that some people should b put behind bars
As for that oil bloc it is our own and not the abacha's

3 Likes

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by tydi(m): 10:34am On Mar 20, 2017
what else can I say
Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by AngelicBeing: 10:35am On Mar 20, 2017
[s]…disowns Dan Etete over Malabu Oil

…sues FG, Shell, Agip, others

By Tunde Oyesina

Son of the late military Head of State, Gen. Sani Abacha, Mohammed, had begun a legal battle to reclaim the $1.3 billion Oil Prospecting Licence (OPL) 245, which was allocated to Malabu Oil Gas Limited. Mohammed Abacha is a Director and the largest shareholder of Malabu Oil Gas Limited. The two other major shareholders are Amafagha Kweku and Hindu Hassan.

There have been a couple of suits before different courts in recent time over the oil bloc. While the Economic and Financial Crimes Commission (EFCC) had approached the court seeking a forfeiture order of the said licence from Shell Nigeria Exploration and Production Company Limited, and Nigerian Agip Exploration Company Limited, the Federal Government had, in another suit, slammed a six-count corruption charge on a former Attorney General of the Federation and Minister of Justice, Mohammed Adoke (SAN); former Minister of Petroleum, Chief Dan Etete and nine others for their involvement in the sales of the oil bloc to Shell and Agip.

The newest of the suit was filed by Malabu Oil at the registry of the Federal High Court sitting in Abuja on Friday wherein Abacha joined the Federal Government and eight others over alleged illegal re-allocation of the oil bloc to Shell and Agip. Justice John Tsoho of the Federal High Court, Abuja had, on Friday, in the suit filed by the EFCC, reversed a forfeiture order it earlier granted against Shell and Agip as regards the oil bloc.

The forfeiture order was at the instance of an ex-parte application filed by the anti-graft agency praying the court to take over the licence of the oil bloc from the companies and return it to the Federal Government.

However, on Friday, the day the forfeiture order was reversed, Malabu Oil approached the court on ground that the Federal Government has no power to re-allocate the oil bloc to Shell and Agip while its (Malabu) rights and interests in the oil bloc is still pending. In the fresh suit filed by Malabu Oil through its lawyer, J.A Achimugu, the plaintiff is asking the court to grant an order compelling the Federal Government to restore the rights to the exclusive possession of OPL 245 to it.

Joined, as 1st to 7th defendants in the suit, were the Federal Government of Nigeria, Minister of Petroleum Resources, Shell Ultra Deep Limited and Shell Nigeria Exploration and Production Company Limited.

Others are Nigerian Agip Exploration Company Limited, EFCC and Chief Dan Etete. In a 29-paragraph affidavit deposed to by Mohammed Sani Abacha, he averred that Malabu Oil was incorporated in April 1998 with the Certificate of Registration number RC 334442, adding that the company was incorporated with a total share capital of 20 million ordinary shares.

Abacha further averred that out of the 20 million shares, he is holding 10 million shares, while Kweku and Hassan are holding six million and four million shares respectively.

He further stated that Etete does not directly or indirectly hold any shares in the company as there is no transfer of shares in his favour, even though he claims to indirectly hold 30 per cent shares of the company in the name of Amafagha Kweku, adding that there is no such transfer.

The son of the former Head of State also averred that Malabu had applied for Oil Prospecting Licence and same was granted by the Minister of Petroleum on April 29, 1998 via letters of allocation of OPL 214 and 245.

It was also averred that the company made payment of N50,000 as application fee, $10,000 as bid processing fees and part payment of or a deposit payment of $2,400,000 as signature bonus. According to him, “On the 2nd of July, 2001, the Federal Government and the Minister of Petroleum revoked the OPL 245. The plaintiff sued the Federal Government at the Federal High Court Abuja over the said revocation.

The matter went on appeal before the Court of Appeal, Abuja Division, in appeal no. CA/ A/99/M/06, but was subsequently resolved through an out-of-court settlement agreement executed by the parties namely: Malabu Oil and Gas Ltd. and the Honourable Minister of Petroleum resources on behalf of the Federal Government of Nigeria on November 30,2006.

“In pursuance of and in the perfection of the under standing in the out-of-court settlement agreement, the Federal Government issued a letter of re-allocation dated July 2, 2010, reallocating OPL 245 to the plaintiff.

The re-allocation of OPL 245 to Malabu Oil brought disputes between the Federal Government and Shell Nigeria Ultra Deep over production of sharing contract. “While the allocation to the Malabu Oil is still pending, the Federal Government, Shell, Agip and NNPC surreptitiously entered what they called, ‘BLOCK 245 RESOLUTION AGREEMENT’ dated April 29, 2011.

In spite of the acknowledgment of the subsisting rights and interest of the plaintiff on OPL 245, the plaintiff was not a party to, but deliberately and purposefully excluded from Block 245 resolution agreement of April 2011 to enable the parties to agree among themselves to allocate OPL to the 4th and 5th defendants,” he stated. Furthermore, the deponent stated that both Shell and Agip resolved to pay $1.3 billion to Etete purportedly in the name of the plaintiff but through the Federal Government as a facilitator.

He also averred that after the allocation of OPL 245 to Shell and Agip, the Federal Government forwarded its escrow accounts to the oil companies with details No. 41451496 IBAN: GB 30 CHAS 609242 411493 with J.P Morgan Chase Bank for Shell and Agip to enable them to effect the payment of the sum of over $1 billion into the Federal Government account.

“Sometimes in May 2011, Shell and Agip paid the sum of $801,540,000 into the escrow account with J.P Morgan Chase Bank. Sometimes in or about August 2011, the Federal Government caused the total sum of $801,540,000 to be paid into two unauthorised bank accounts opened by or at the instance of Etete in the name of Malabu Oil from the Federal Government escrow account,” he added.

He further noted that the said sum was paid in two tranches into two different bank accounts which is: First Bank of Nigeria Plc. with Account no. 2018288005 with the sum of $401,540,000 paid into it, while another $400,000,000 was paid into a Keystone Bank Limited with account no. 3610042472.
Abacha added that the two accounts were opened without the consent or knowledge of Malabu Oil and that same was operated by Etete, in the name of Malabu Oil of which he (Etete) was the sole signatory.

Abacha also averred that Malabu Oil did not, in any way, benefit from the payment of the said payment because Etete was the sole signatory to the two accounts. Malabu is, however, praying the court for a declaration that its rights and interest in OPL 245 granted or re-allocated to it is still valid and subsisting.

It also wants a declaration that not being a party to the Block 245 Resolution Agreement dated April 29, 2011 is not bound by the terms of the said agreement as it relates to or concerns OPL 245. In addition, the plaintiff is seeking a declaration that not being a party to the block 245 resolution agreement dated April 29, 2011, any payment purportedly made by the defendants into any bank account purporting to be the plaintiff’s bank account and or made to the 9th defendant purportedly in the name of the plaintiff was not payment made in pursuance of the said Block 245 Resolution Agreement.

Also, the plaintiff is seeking a declaration that the allocation of OPL 245 by the 1st and 2nd defendants to the 4th and 5th defendant’s via the 2nd defendant’s letter on May 11, 2011 titled: “Re: OPL 245 Resolution Agreement/ Letter of Award” while the plaintiff’s rights and the interests to OPL 245 was subsisting is in violation of the plaintiff’s exclusive right under paragraph 5 of the 1st schedule to the Petroleum Act to explore and prospect for petroleum within the area covered by OPL 245 and is, therefore, invalid, wrongful, null andand of no effect whatsoever.

The plaintiff also wants the court to give a declaration that the grant of OPL 245 by the 2nd defendant to the plaintiff in the exercise of the 2nd defendants powers under Section 2 of the Petroleum Act Cap. P.10 Laws of the Federation of Nigeria, 2004 does not constitute an offence under any penal law in Nigeria and OPL 245 is not the proceeds of any offence or crime under EFCC (Establishment) Act Cap. E1 Laws of the Federation 2004 or any other law in force in Nigeria.

The plaintiff, however, wants the court to make an order compelling the defendants to restore to it its right to the exclusive possession of OPL 245. It is also praying the court for an order of perpetual injunction restraining the defendants and in particular the 6th defendant from treating and or dealing with OPL 245 as a proceed of an offence and from interfering in any manner whatsoever and howsoever with the plaintiff’s exclusive right to explore and prospect for petroleum in the area of OPL 245.

It also wants an order of perpetual injunction restraining the defendants from carrying out any exploration or prospecting activities in connection with or in relation to the area covered by OPL 245. The suit is yet to be assigned to a judge.


http://newtelegraphonline.com/news/abachas-son-fights-reclaim-1-3bn-oil-bloc/ [/s]



No need to read, useless post by a useless family, nonsenseangry

9 Likes 2 Shares

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by scarffield(m): 10:35am On Mar 20, 2017
*in phyno voice* iranu abacha!

1 Like

Re: Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip by obyrich(m): 10:36am On Mar 20, 2017
Oil is the reason why Nigeria is still united.

7 Likes

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