Shell- Ejama Dispute: FirstBank Clarifies Position on Court Garnishee Order
FirstBank of Nigeria Limited yesterday described a garnishee order compelling the Central Bank of Nigeria to pay the people of Ejama Community in Eleme Local Government Area of Rivers State a total sum of N182.7 billion as strange.
The statement added: “FirstBank’s involvement in the matter only arose from the Litigation Guarantee in the sum of N17.2 billion plus interest it issued at Shell’s request as a condition for the stay of execution of a ruling in a lawsuit between Shell Petroleum Development Company Limited and the Ejama Ebubu Community which is still subject to two separate and subsisting appeals before the Supreme Court of Nigeria.
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