Nigerian Company Sues British Firm Over Alleged Diversion Of N24bn

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A Federal High Court, sitting in Lagos, yesterday granted a Nigerian company, Nadabo Energy Limited, leave to serve court processes on a British company, Trafigura Beheer B.V, out of jurisdiction, and five Nigerian companies that were alleged to have laundered N24 billion.

In a bid to recover N24billion alleged to have been laundered by a British company, Trafigura Beeher B.V, a limited liability company in Nigeria, Nadabo Energy Limited, dragged the said London based company before a Federal High Court in Lagos. Joined as co-defendants, in the suit are five Nigerian companies: Mettle Energy &Gas Limited, Renbrant Limited, Jill Engineering and oil Services Limited, Q&Q Control Services Nigeria limited, General Marine, and Oil Services Limited.

In an argument before the court, the plaintiff’s lawyer Chief Emefo Etudo, told the court that all the parties had been served, but that there was need for the court to order all parties to maintain status quo and be served with the court order. In his ruling, the presiding judge, Justice Rilwan Aikawa ordered that all court processes should be served on all the defendants, noting that status quo be maintained and adjourned the matter to December 15, for further hearing.

 

 

 

 

 

 

 

Source: News agencies