Business
Court restrains FG from issuing licences on marginal oil fields in Niger Delta
A Yenagoa Division of the Federal High Court has restrained the Federal Government from issuing licences on marginal oil fields in the Niger Delta.
The presiding judge, Justice Isa Dashen granted the restraining order which is to subsist pending the determination of the suit.
In 2020, some Ijaw leaders had approached the court seeking to halt licensing on marginal oil fields located in their areas.
They had approached the court to restrain the FG following an announcement of the bid winners on the field made on June 1, 2021, by the FG.
They prayed the court to restrain the Federal Government from further advertising and receiving bids in respect of the marginal fields.
READ ALSO: Buhari’s aides, Tinubu, Sylva, Daura in $100m bribery scam over sales of 57 marginal oil fields
They also prayed the court to restrain the Federal Government from approving licences in respect of the marginal fields.
Justice Dashen who granted the order restraining the FG adjourned the matter for June 8 for the continuation of hearing and ruling on pending motions before the court.
The plaintiffs include Chief Brown Agu (Opu Agu VIII), Mrs Rosemary John-Oduone, President Ijaw Women Connect and Mr Femowei Friend on behalf of themselves and the Ijaw ethnic nationality.
Defendants in the suit include The Attorney-General of the Federation and Minister of Justice, the Minister of Petroleum Resources and the Minister of State for Petroleum Resources.
-
Football1 week agoPremier League releases 2026/27 festive fixtures, 7 matches set for Boxing Day
-
Crime7 days agoAnambra Police arrest mother over alleged child sexual exploitation
-
Business6 days agoJetour Nigeria, dealers take dashing, other models to Abuja Experience
-
Business7 days agoDangote Refinery IPO shifts spotlight to corporate governance, investor protection
-
Business3 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business4 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business4 days agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business1 week agoNaira gains ground as Euro holds around N1,548, reserves hit 18-year high


