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The Nigerian Navy has arrested and detained an Oil Vessel belonging to General Hydrocarbons Limited, a company owned by Nduka Obaigbena, the Chairman of Thisday Newspapers and Arise Television.
On January 9, Justice E.A. Obile issued a ruling mandating the detention of the crude oil cargo aboard the FPSO vessel Tamara Tokoni until the defendants provide a “satisfactory guarantee from a first-class Nigerian bank amounting to $19.7 million, along with interest and costs.” The case was adjourned to February 9, 2025, for the continuation of proceedings on the substantive matter.
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