Lawyers, CSO, ethnic leaders endorse Aiteo $2.5b law suit against Shell

October 5, 2021 Lekan Shehinde 0

Lawyers, Civil Society Oganisations (CSOs) and Ethnic Leaders among other Nigerians, have expressed outrage over the alleged fraud committed against an indigenous/global oil giant, Aiteo Eastern Exploration and Production Company Limited, by the Shell Petroleum Development Company of Nigeria over Oil Mining Licence 29. They have therefore thrown their weights behind Aiteo’s decision to institute a legal action against Shell Read More

AITEO slams Shell with $2.5bn suit over sale of OML 29

October 5, 2021 Lekan Olashehinde 0

A global oil giant, AITEO has slammed Anglo-Dutch Company, Shell with a $2.5B suit over claims it made in the sale of the OML 29.  Shell and its joint venture partners sold all their undivided 45% equity in OML 29 to AITEO sometime in 2014 for a whopping sum of $2.4 billion, which assets Shell said included the Nembe Creek Trunk Line Read More

Appeal Court okays NIA’s appeal against judgement reinstating sacked acting director

August 26, 2021 Kehinde Osasona 0

The Federal Court of Appeal sitting in Abuja Wednesday okayed the application of the National Intelligence Agency (NIA) to appeal the judgment of the National Industrial Court which ordered the reinstatement of dismissed former acting Director General of the Agency, Ambassador Mohammed Dauda, as a substantive director. A three-member panel of Justices of the Court of Appeal led by Justice Read More