The Federal High Court sitting in Lagos has restrained the Federal Government from selling or accepting bids for eight Marginal Oil Fields...
The Federal High Court sitting in Lagos has restrained the Federal Government from selling or accepting bids for eight Marginal Oil Fields pending determination of a suit challenging their status.
Others are: Del Sigma Petroleum Ltd – Ke OML 90 MFOG-2E; Goland Petroleum Ltd -Oriri OML 88 MFOG-2F; Sahara Energy Ltd/African Oil and Gas Ltd – Tsekelewu OML 40 MFOG-2G and Sogenal Ltd Akepo – OML 90 MFOG-2H. The Federal Government in April 2020 purportedly revoked 11 firms’ oil licences to operate marginal fields.
Their counsel, Tayo Oyetibo SAN, George Ikoli SAN and Uche Nwokedi SAN backed the motion ex parte with an affidavit in support of the motion on notice deposed to by a Director of Del-Sigma Petroleum Abiodun Babajide.
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