The Nigerian government has expressed disappointment that a High Court ruling in England has opted not to hear a civil claim against Shell, Eni and Energy Venture Partners (EVP), over the OPL 245 case.
A US court granted Nigeria permission to request documents from VR Capital Group, the part owner of a company that received a $9.8 billion arbitration award the government is trying to overturn.
Nigeria appears to sense an opportunity in its legal wranglings with P&ID given an alleged lack of response to the government’s allegations of fraud in an English court.
Nigeria loses 138,400 barrels per day of crude, around 7% of its total production, to theft, spills or shut-in production, according to a report from the Nigerian Extractive Industries Transparency Initiative (NEITI).
The Nigerian government is said to be seeking the arrest, via Interpol, of two directors from Process and Industrial Developments (P&ID), an Irish company with which it is locked in a legal battle.
An Abuja court has found two officials from Ireland’s Process and Industrial Developments (P&ID) guilty on a number of fronts. This led to the Nigerian judge declaring all of P&ID’s assets to be forfeit.