OIL BUNKERING: COURT SET TO FREEZE 250MIL DOLLAR COMPANY ACCOUNT

 

Court to freeze $250m account over bunkering

A Federal High Court in Abuja is set to place a temporary freeze on the account of an oil drilling firm, Seadrill Mobile Unit Ltd over alleged oil bunkering activities.

Justice Nnamdi Dimgba on Friday ruled that the application for interim forfeiture order has merit and deserves to succeed.

“Any person with interest shall within 14 days come and show cause why the interim forfeiture should not be made,” he ruled.

The order followed an ex parte application brought by the Federal Government through its counsel, Senator Ameh Ebutte for an interim order of forfeiture of the money.

In the affidavit attached to the application, the Federal Government said the sum of $250million deposited in UBA PLC is believed to have been illegally acquired through crime of oil bunkering.

One of the prayers of the application is for “an order of this honourable court freezing, tracking and or stopping the operation in whatsoever manner of account number: 3000643888 pending the determination of this forfeiture proceeding.”

The suit was adjourned to February 28 for further hearing.

Read more at http://www.dailytrust.com.ng/news/general/court-to-freeze-250m-account-over-bunkering/185238.html#O8o6ijSuJlM9fIjE.99

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