Interim Orders of Mareva Injunctions Granted in the Court Action by Zenith Bank Plc Against Shebah

Proshare

Wednesday, November 10, 2021 / 05:58 PM / by NGX / Header Image Credit: Declan Herald

 

Seplat Energy has been made aware of the ex parte Interim Orders of Mareva Injunctions which were granted by the Federal High Court sitting in Lagos, Nigeria in a court action instituted by Zenith Bank PLC against Shebah Exploration & Production Company Limited and 8 others, with an additional 29 cited parties.

 

The Interim Orders give an administrative mandate to Seplat Energy Plc and others not to deal with the assets of (or transfer funds to) Shebah Exploration & Production Company Limited, Shebah Petroleum Development Company Limited, and Dr. A.B.C. Orjiako. The order has no impact on the operations of Seplat Energy. We understand the injunction relates to loans made by Zenith Bank PLC to Shebah Exploration & Production Company Limited in 2014.

 

One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Related News

  1. AMCON V Shebah E and P: Parties Meet To Resolve Issues
  2. Understanding The AMCON And Shebah Loan Dispute And A Guarantor's Dilemma
  3. SEPLAT Clarifies Media Reports On The Interim Order By FHC Abuja
  4. SEPLAT Reports N13.9bn Profit in Q3 2021 Results, Proposes $2.5cents Interim Dividend
  5. Seplat Plc H1 2021 Results: A Rebound Troubled by Rising Debt
  6. Seplat Kicks off Capital Markets Day with NGX Closing Gong Ceremony
  7. Seplat Energy Plc Appoints Dr. Emma FitzGerald as an Independent Non-Executive Director
  8. Seplat Energy Plc Reports N14.1bn PAT in Q2 2021 Results, Proposes $2.5cents Interim Dividend
  9. Seplat Energy Notifies of $50m Offtake Facility Raised By its Subsidiary, Westport Oil Ltd
  10. SEPLAT Announces the Appointment of Prof. Fabian Ajogwu and Mr. Bello Rabiu

Proshare Nigeria Pvt. Ltd.
READ MORE:
Related News
SCROLL TO TOP