Fidelity bank card banner Camano banner

Court stops FG, EFCC from crippling Aiteo operations

By News Express on 09/12/2017

Views: 847

The Federal High Court, Abuja on Friday restrained the Federal Government from taking steps that may cripple the operations and the freezing of the accounts of Aiteo Eastern E & P Company Limited.

Justice Gabriel Kolawole made the order after he entertained an ex-parte motion filed by Mike Ozekhome (SAN) on behalf of the company.

AITEO, a limited liability company, is a major player in the upstream sector of the Nigeria’s oil industry.

It is also a joint operator of Oil Mining Lease 29, an asset which is jointly owned by the firm and the Federal Government through the Nigerian National Petroleum Corporation, which subscribes 55 percent of the said asset.

The ex-parte application is seeking an order of interim injunction restraining the defendants from interfering with or obstructing the business operations of the company.

The defendants in the case are Attorney-General of the Federation (AGF) and Minister of Justice and the Economic and Financial Crimes Commission (EFCC).

Arguing the motion, Ozekhome urged the court to make a preservative order for maintenance of the “status quo’’.

He said this was in order to stop the defendants from taking any steps prejudicial to the business concerns and activities of his client.

Ozekhome argued that if a preservative order was not made immediately against the defendants, recent developments showed that the EFCC could spring surprises by freezing accounts of the company or sealing it.

In his ruling, Kolawole ordered the Federal Government to maintain the “status quo” pending the determination of the motion on notice filed by Aiteo against the defendants.

He further ordered the AGF and the EFCC to show cause on December 18 why the reliefs sought by the plaintiff in the motion ex-parte should not be granted.

He adjourned the matter until December 18. (NAN)

Source News Express

Posted 09/12/2017 03:50:48 AM





You may also like...
Resolve ASUU crisis without further delay, Saraki tells...

All set for burial of reggae star Rasman...

INEC postpones elections in 11 Federal Constituencies in...

Dust storms kill 76 in India, injures many...

Python Dance medical outreach is not poisonous —...

Kaduna Electric to establish $250m meter plant

U.S. lawyers to prosecute Buhari, Buratai at International...

NAF adapts trainer aircraft for combat role


Lagos Govt. gives property owners in Ikoyi, VI,...

UN Empower Women names Lift Saxum founder Nwaneka...

We won’t allow Miyetti Allah as vigilantes: Ondo...


Latest News Many injured, goods worth millions of naira destroyed as Hausa, Yoruba clash in Lagos Okowa condemns attack on Ekweremadu, urges Germany not to spare perpetrators Makinde appoints ex-police chief Fatai Owoseni Special Adviser on Security Matters MASSOB faults IPOB over attack on Ekweremadu, says Igbo leaders not responsible for non-actualisation of Biafra Ekweremadu’s attack: Identify the culprits, Senate president tells German authorities Migrant Fulani causing problem in Nigeria – Miyetti Allah Nine confirmed dead in attack on mourners in Benue Tomorrow's strike will be total, comprehensive – Varsity workers Reorder Nigeria to avert strife, Nwabueze group tells Buhari 2021: We won’t zone Anambra governorship – PDP Three killed, seven injured in soccer riot South East PDP calls for arrest of Ekweremadu’s attackers


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (527,841 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (438,148 views) Shameless Genevieve Nnaji exposes breasts in public (382,915 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (321,799 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (289,854 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (250,935 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (245,546 views) 10 cars more expensive than Jets (232,209 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (227,605 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (213,852 views) Lagos plane crash: Journalist releases victims’ names (192,803 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (190,734 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (98) Business & Economy (4,395) Business Verdict (78) Columnists (1,093) Complaints & Requests (95) Enterprise & Opportunities (214) Entertainment (647) Features (795) Global Business Monitor (417) ICT Monitor (58) International (3,840) Interview (198) Live Commentary (30) Love Matters (166) Maggie's Blog (379) News (50,109) Opinion (1,323) Pidgin (17) Politics (11,311) Religion (1,085) Sports (2,133) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera