Nigeria: Shell Ordered to Pay Amni's $4.6m Debt to Court

3 November 2022

A Federal High Court, sitting Lagos, has ordered Shell Western Supply and Trading Limited to pay into the account of the court's Deputy Chief Registrar the sum of $4.6 million, which Shell keeps for Amni International Petroleum Development Company Limited.

The court directed the Deputy Chief Registrar to pay the sums admitted by Amni - $3,571,637.68 and N271,138,207.57 - entered as judgment, directly to its creditor, SpringRock Energy Limited, in the bank account nominated by them, within five days.

This followed applications by SpringRock through its team of counsel led by Olumide Aju, SAN, and counter arguments by the defendants' counsel, Olumide Sofowora, SAN.

Trial judge, Justice Akintayo Aluko made the orders in a judgment in suit: FHC/L/CS/1290/22 by SpringRock Energy Limited and SpringRock Energy Limited Mauritius as first and second Plaintiffs/Applicants.

The defendants/respondents are Amni and Amni International Petroleum Development Company 52 Limited and five Mareva parties comprising Shell and four banks.

The court also granted the plaintiffs/applicants three other reliefs.

In all, the court decided three applications - two of them by SpringRock and the third by Amni.

The court refused Amni's application praying it to dismiss the Interim Mareva Order.

AllAfrica publishes around 600 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.