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Shell, ENI Ask Nigeria to Lift Forfeiture on OPL 24

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  • Shell, ENI Ask Nigeria to Lift Forfeiture on OPL 24

A Federal High court in Abuja will hear on 27 February a plea by Shell and ENI to lift a temporary forfeiture to the Federal Government of OPL 245 oil block.

Shell and ENI want the order of forfeiture granted the Economic and Financial Crimes Commission (EFCC) discharged in a case now before the court.

Justice John Tsoho on Jan. 26, granted the order of interim forfeiture of Oil Prospecting Licence (OPL 245) to the Federal Government pending investigation and prosecution of suspects in the $1.1 billion Malabu Oil scam.

At the resumed hearing of the matter on Tuesday, the prosecuting counsel, Mr Johnson Ojogbane, informed the court that he was unable to respond to the two applications filed by the applicants on the matter.

Ojogbane said that his inability was, “due to circumstances beyond our control”.

He applied for an adjournment to enable the prosecution to respond so that the two applications could be taken on its merit.

Prof. Olaniwun Ajayi (SAN), counsel to Shell, told the court that he had filed two applications in respect of the matter.

Ajayi said the first application was seeking the discharge, dismissal or striking our of the order of forfeiture to the Federal Government which the court made pending the conclusion of the matter.

The second, he said, prayed for an order staying or suspending the effects of the interim order made by this court in favour of the EFCC directing that OPL 245 be managed by the Department of Petroleum Resources.

Ajayi said that the execution of the action by the EFCC constituted a gross abuse of office and court processess and that the process of procuring the ex parte order was unconstitutional and unlawful.

He said that the respondents misrepresented and surpressed material facts in obtaining the order, and urged the court to discharge the order in the interest of justice.

Ajayi reminded the court that the prosecution had said the matter was of urgent public interestme and wondered why the prosecution had failed to respond to an application filed over two weeks ago.

“Under Section 19 (2)(b and c) of the EFCC Act, the court is enjoined to give accelerated hearing and the Federal High Court Practice Direction 2013 also stresses the need for accelerated hearing of criminal matters brought before the court.”

He urged the court to give a short adjournment given the urgency of the matter and the public interest the respondents attached to it.

Counsel to ENI,Babatunde Fapohunda, who also filed the same application, urged the court to set aside its earlier order in the interest of justice.

Tosho adjourned the matter till Feb. 27 to hear the two pending applications.

The court had granted the order following an ex-parte motion filed by the EFCC through its counsel Ojogbane.

The court ordered that the property be managed by the Department of Petroluem Resources on behalf of the Federal Government, pending the conclusion of investigation and prosecution of all those involved.

The EFCC counsel in the motion noted that the investigation bordered on alleged acts of conspiracy, bribery, official corruption and money laundering.

NAN also reports that the EFCC had in December 2016, charged nine suspects, including the former Attorney-General of the Federation and Minister of Justice, Mr Mohammed Adoke, over the issue.

Adoke was accused of illegally transferring more than 800 million dollars purportedly meant for the purchase of the OPL 245 to Etete, Malabu Oil.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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