Business

Shell to pay Amni’s $4.6m into court’s account

Shell Western Supply & Trading Limited has been ordered by Justice Akintayo Aluko of a Federal High Court sitting in Lagos to pay $4.6 million into the account of the court’s deputy chief registrar, which the firm keeps for Amni International Petroleum Development Company Limited.

Furthermore, the court ordered the deputy chief registrar to pay the sums admitted by Amni – $3.571 million and N271.138 million – entered as a judgment directly to its creditor, SpringRock Energy Limited, in the bank account specified by them within five days.

The order came after SpringRock filed applications through its team of counsel led by Olumide Aju, SAN, and the defendant’s counsel, Olumide Sofowora, SAN, filed counter-arguments.

On October 28, Justice Aluko and others issued the order in a judgment in the suit, FHC/L/CS/1290/22, filed by SpringRock Energy Limited and SpringRock Energy Limited Mauritius as first and second plaintiffs/applicants.

Amni and Amni International Petroleum Development Company 52 Limited, as well as five Mareva parties, including Shell and four banks, are the defendants/respondents.

The plaintiffs/applicants were also granted three other reliefs by the court.

In total, the court ruled on three applications, two by SpringRock and one by Amni.

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