Date: 31-03-25
In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of debt recovery. This is quite surprising considering the fact that the order sought is to prevent further fraudulent sale of crude on the FPSO.
Shockingly, the court also held that the Arrest Order against the cargo, because it was exparte in nature, expired by effluxion of time within 14 days of its issuance.
Aggrieved by the decision, FirstBank lodged an appeal against the decision of the FHC. Also, FirstBank filed an application for an injunction of the court against GHL, pending the determination of the appeal. The Cargoes of Crude Oil on the FPSO TAMARA TOKONI remain arrested.
While FirstBank has great respect for the courts, it strongly disagrees with the ruling, which, in our view, constitutes a miscarriage of justice.
FirstBank remains committed to protecting and securing the interest of its members and will relentlessly pursue justice against mischievous debtors seeking to use the machinery of the law to perpetuate mischief and evade their responsibility to offset outstanding obligations
LINKS
- VENO tv: Jagunmolu Super Cup: Traditional Ruler Expresses Satisfaction With Organisation and Participating Teams
- VENO TV EDITORIAL: Ekiti Election, Voter Inducement and Matters Arising
- VENO TV FROM THE PULPIT Beware of Wicked People — Bishop Ojo Tells Readers
- VENO tv: Father's Day – Bishop Prays For The Sick
- VENO tv: Editorial INEC, Elections and Stomach Infrastructure
- VENO tv: OPiNION: Stable Power Supply? Kudos to the New Minister of Power, Mr. Joseph Olasunkanmi Tegbe
- FEATURE: INHUMAN TREATMENT: Bodmas Prince Kemepade Allegedly On The Run Following the Death of Patrick Peresode
- VENO TV: VeryDarkMan Reacts to Niger State Governor's Dreadlocks Directive
- VENO TV: Politics "No Story, No Delay, But Delivery" — Tinubu Hails Mr. Project, Nyesom Wike
- VENO TV: ENTERTAINMENT Veteran Fuji Musician, Alhaji Love Azeez, Dies at 81 By Kayode Adoide
- VENO TV: UK Court Clears Former Minister Diezani Alison-Madueke of Corruption Charges
- VENO tv: Politics Watch Deregistration of ADC & 4 Other Parties: Appeal Court Suspends Execution of Judgment
- VENO TV: CRIME WATCH Prominent Katsina Businessman Killed Despite N500 Million Ransom Payment How the Nation Failed Him
- VENO tv: Security Watch Late Gen. Rabe’s Wife Rescued After Husband's Death in Captivity, Receiving Treatment in Hospital
- VENO TV: POLITICS Court Judgment: We Are Not Distracted — ADC Reacts, Condemns Verdict
- VENO TV: Praise, Prayer, Drama Loud @ 3rd Children Harvest 2026
- VENO TV: Abducted Retired Army General Dies in Bandits' Captivity — Katsina Government ConfirmsVENO TV: Abducted Retired Army General Dies in Bandits' Captivity — Katsina Government Confirms?
- VENO tv:JAGUNMOLU SUPER CUP 2026 KICKS OFF IN GRAND STYLE
- VENO tv: 27 Years of Democracy — Bishop Ojo Salutes Nigerians, Charges All to "Get Up Quickly!"
- VENO TV: "Criticise Me, Disagree With Me, But Never Stop Believing in Nigeria" — President Tinubu Confers National Honours on 50 Nigerians on June 12
Page 1 of 61 [Next] [Last Page]
Phone
08033340285
08155031320
016581259
veno_mag2011@yahoo.com