A Federal High Court in Abuja on Thursday slated July 5, 2017, for hearing of the preliminary objections to a suit instituted by Malabu Oil and Gas Ltd against the Federal Government.
Malabu Oil and Gas Limited is seeking an order of court stopping Shell Nigeria Exploration and Production Company and Nigerian Agip Exploration Company Limited from signing the Final Investment Decision (F.I.D) for the $13.5 billion Zabazaba Deepwater Project located in Oil Prospecting Licence (OPL 245) in the second quarter of this year.
Other defendants in the suit include Economic and Financial Crimes Commission and Chief Dan Etete, former Petroleum Minister.
In the motion on notice marked FHC/ABJ/CS/201/17, the plaintiff is further asking for an order of interlocutory injunction restraining the Federal government and the minister petroleum resources from considering to revoke or revoking the re- allocation of OPL 245 granted to the applicant by virtue of the 1st & 2nd defendants’ letter of July 2, 2010, pending the determination of this suit.
At Thursday’s proceedings, J.A. Achimugu, counsel to the plaintiff pleaded with the court for an adjournment.