AITEO vs Shell: Court Refuses To Unfreeze SPDC’s Bank Accounts

A Federal High Court sitting in Lagos has refused to discharge an interim order it granted, freezing the bank accounts of Shell Petroleum Development Company of Nigeria (SPDC) and that of its subsidiaries.

In her ruling on the case on Tuesday, Justice Oluremi Oguntoyinbo summoned the secretaries and chief financial officers of two banks who allegedly disobeyed the interim ex-parte order directing the freezing of the accounts.

The affected banks and their officials are Citi Bank Ltd., its Company Secretary, Sola Fagbure, and Chief Financial Officer, Sharaf Mohammed, as well as United Bank For Africa (UBA) Plc, its Company Secretary, Bill Andrew Odum, and Chief Financial Officer, Ebenezer Kolawole.


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