Ocean News

A Federal High Court in Lagos has summoned a lawyer Mr O. Awowole to show cause why he should not be sanctioned for failing to present a defendant, Princess Oluwatoyin Kolade, that he allegedly undertook to produce in court. Justice Peter Lifu ordered Awowole to appear on Tuesday, November 9, following Kolade’s failure to honour a hearing notice for her arraignment last Thursday on an alleged $32 million fraud charge. The lawyer was also absent when the matter, marked: FHC/L/407C/2019 was called. Kolade,a top society lady is one of 11 people facing a 10-count charge of $32million fraud preferred against them by the Office of the Attorney-General of the Federation (OAGF). The defendants include four Indian men – Prem Garg, Devashish Garg, Bhagwan Simgh Rawat and Mukul Tyagi and two Britons – Marcus Wade and Andrew Fairie, said to be at large. The others, apart from Kolade, are Metal Africa Steel Products Ltd, Wilben Trade Ltd, Fisolak Global Resources Ltd and Kannu Aditya India Ltd. At ...

  A Federal High Court in Lagos has restrained Shebah Exploration and Production Company Ltd, Sheban Petroleum Development Company Ltd and Dr Ambrosie Orjiako and persons acting on their behalf from withdrawing from the accounts of nine other defendants and 29 banks. Justice Yellin Bogoro made the interim order while granting ex parte Mareva application applied for by Zenith Bank Plc through its counsel, Mr Kemi Balogun, SAN, in the matter of an alleged $78,426,578.64 debt. The injunction restrained the trio and their proxies in Nigeria, the United States of America, the United Kingdom, the United Arab Emirates, Switzerland, the European Union and any jurisdiction worldwide, pending the hearing and determination of Zenith’s motion on notice. The 4th to 9th respondents are Seplat Petroleum Development Plc; Zebra Energy Nigeria Ltd; Glencore U.K Ltd; Abbey Court Energy Service Ltd; Neimeth Pharmaceutical International Plc; All Trustees, Proxies, Agents, Nominees and all individuals o...