General Hydrocarbons Limited (GHL) and it’s chairman, Prince Nduka Obaigbena were the ultimate winners on Friday when the Supreme Court of Nigeria ordered the immediate handover of the crude oil aboard the FPSO Tamara Tokoni to them. In an unanimous judgment, a five-member panel of justices, the Supreme Court ruled that both the Federal High Court and the Court of Appeal lacked the jurisdiction to entertain the matter. Consequently, the court allowed the appeal filed by General Hydrocarbons Limited and set aside the judgment of the Court of Appeal, describing…
Read MoreFPSO TAMARA TOKONI: OBAIGBENA, GHL DEFEAT FIRSTBANK AT SUPREME COURT
