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FBN vs GHL: Court orders admiralty marshall to arrest oil cargo

By Guardian Nigeria
16 January 2025   |   1:48 am
Justice E. A. Obile of the Federal High Court, Port Harcourt has ordered the court’s admiralty marshall to arrest and detain the crude oil cargo on board the Floating Production Storage and Offloading (FPSO) Vessel Tamara Tokoni
Justice

Justice E. A. Obile of the Federal High Court, Port Harcourt has ordered the court’s admiralty marshall to arrest and detain the crude oil cargo on board the Floating Production Storage and Offloading (FPSO) Vessel Tamara Tokoni belonging to General Hydrocarbons Ltd (GHL).

  
The judge made the order following an application by First Bank of Nigeria Limited against GHL, the crude oil cargo on board FPSO Tamara Tokoni, its owners/operators and the master of the vessel.
  
Justice Obile also directed officers of the Nigerian Navy, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Maritime Administration and Safety Agency (NIMASA) and Harbour Master of the Nigerian Ports Authority (NPA) to render necessary assistance to the admiralty marshall in giving effect to the arrest order.  
  
GHL is an oil servicing firm owned by Mr Nduka Obaigbena, Chairman of Arise and publisher of ThisDay Newspapers. The bank and Obaigbena are embroiled in a legal dispute over an alleged $225million debt.
  
The bank had obtained a Mareva injunction from the Federal High Court in Lagos restraining all banks in Nigeria from releasing funds to GHL and its directors Obaigbena, Efe Damilola Obaigbena and Olabisi Eka Obaigbena.
  
In the latest order dated January 9, Justice Obile held: “That order is granted arresting and/or attaching and/or liening the entire cargo of crude oil on board the Floating Production Storage and Offloading (FSPO) vessel Tamara Tokoni presently located at Rivers State or wherever she may be found within the jurisdiction of this Honourable Court pending the provision of a satisfactory guarantee from a first class Nigerian bank in the sum of $19,752,304.84 plus interest and costs by the said defendants to secure the plaintiff’s claim herein, until this Honourable Court otherwise orders.”

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