General Hydrocarbons Limited (GHL) has asked a Federal High Court in Lagos to discharge the order freezing the assets and accounts of General Hydrocarbons Limited (GHL) and its related entities, aimed at recovering an alleged loan of $225.8 million extended to the oil company on grounds that it was obtained through fraudulent misrepresentation and the concealment of material facts at the time the order was obtained.
Justice Deinde Dipeolu had, on December 30, 2024, granted an ex-parte order restricting all commercial banks from releasing or dealing with any assets or monies belonging to General Hydrocarbons Limited, its agents, subsidiaries, or sister companies and its shareholder up to the amount claimed by the plaintiffs.
The judge had also issued the Mareva orders against the bank accounts Nduka Obaigbena, Efe Damilola Obaigbena, and Olabisi Eka Obaigbena—Directors of General Hydrocarbons Limited who are shareholders and Directors of GHL.
Other respondents in the suit include GHL 121 Ltd, Aimonte Nigeria Limited, Calidin Global Resources Limited, CESL Oyo Production BBC Limited (owner of FPSO Tamara Tokoni), CESL Oyo Production O&M Limited, and VITOL SA.
Other respondents are Mercuria Energy Trading SA, Trafigura PTE Limited, Glencore Energy UK Limited, Schlumberger Nigeria Limited, Schlumberger Overseas SA, and Baker Hughes Oilfield Services.
While arguing for the lifting of the order, GHL’s Attorney, Abiodun Layonu, SAN, claimed that the bank’s suit represents an abuse of court process.
Justice Deinde Dipeolu had, on December 30, 2024, granted an ex-parte order restricting all commercial banks from releasing or dealing with any assets or monies belonging to General Hydrocarbons Limited, its agents, subsidiaries, or sister companies and its shareholder up to the amount claimed by the plaintiffs.
The judge had also issued the Mareva orders against the bank accounts Nduka Obaigbena, Efe Damilola Obaigbena, and Olabisi Eka Obaigbena—Directors of General Hydrocarbons Limited who are shareholders and Directors of GHL.
Other respondents in the suit include GHL 121 Ltd, Aimonte Nigeria Limited, Calidin Global Resources Limited, CESL Oyo Production BBC Limited (owner of FPSO Tamara Tokoni), CESL Oyo Production O&M Limited, and VITOL SA.
Other respondents are Mercuria Energy Trading SA, Trafigura PTE Limited, Glencore Energy UK Limited, Schlumberger Nigeria Limited, Schlumberger Overseas SA, and Baker Hughes Oilfield Services.
While arguing for the lifting of the order, GHL’s Attorney, Abiodun Layonu, SAN, claimed that the bank’s suit represents an abuse of court process.
