The Federal Excessive Court docket in Port Harcourt has dismissed an utility filed by Basic Hydrocarbons Restricted (GHL).
The corporate had sought to serve a earlier court docket verdict—in regards to the arrest and detention of crude oil cargo aboard the FPSO Tamara Tokoni—on a number of events, together with First Bank of Nigeria Restricted, the Nigerian Navy, the Nigerian Upstream Petroleum Regulatory Fee (NUPRC), the Nigerian Maritime Administration and Security Company (NIMASA), and the Harbour Grasp of the Nigerian Ports Authority.
Justice E.A. Obile dismissed GHL’s ex parte movement towards First Bank of Nigeria (FBN) on Could 7, 2025.
This represents the most recent improvement within the ongoing authorized battle between First Bank of Nigeria Restricted and Basic Hydrocarbons Restricted over the arrest and detention of the cargo of crude oil on board FPSO Tamara Tokoni.
The choose subsequently ordered that the applying be dismissed.
Nairametrics beforehand reported on March 26, 2025, {that a} Federal Excessive Court docket sitting in Port Harcourt had dismissed a swimsuit filed by First Bank of Nigeria (FBN) towards GHL, briefly halting the {bank}’s efforts to cease what it described as a fraudulent try to eliminate crude oil aboard the FPSO Tamara Tokoni.
Within the ruling delivered by Justice E.A. Obile, the court docket upheld a preliminary objection filed by GHL and dismissed the case in its entirety on the grounds that it lacked jurisdiction to entertain the matter.
The choose dominated that the dispute between the 2 establishments was not a maritime declare however quite a debt restoration matter, and held that the swimsuit constituted an abuse of court docket course of and a breach of a previous court docket order.
Nevertheless, regardless of the court docket’s ruling, First {Bank} insisted that the crude cargo remained below arrest and that it had taken steps to attraction the judgment.
In an announcement, the {bank} mentioned it filed a discover of attraction and can also be looking for an injunction to restrain GHL from tampering with the crude pending the decision of the attraction.
“Whereas FirstBank holds the judiciary in excessive regard, we strongly disagree with the ruling, which we consider represents a miscarriage of justice,” the {bank} mentioned.
FBN maintained that it stays dedicated to defending the pursuits of stakeholders and can relentlessly pursue justice towards alleged mischievous debtors making an attempt to control the authorized system to keep away from their {financial} duties.
