Abebe urges court to make Statoil return $4bn to Nigeria


The ongoing suit between a Norwegian oil firm, Statoil Nigeria Limited, and a businessman, Dr. John Abebe along with his company, Inducon Nigeria Limited, in the Supreme Court has taken a new twist with the businessman accusing Statoil of transferring over $4billion of its income from the sale of crude oil out of Nigeria against the orders of the courts, ThisDay reports.

Abebe and his company in the affidavit and application filed at the court through its lawyer, Uche Nwokedi (SAN), are asking that the orders of the Federal High Court and Court of Appeal that are still subsisting be enforced and that Statoil be made to return the $4billion to Nigeria.

They also urged the court to restrain the Norwegian oil firm from further repatriating all revenues accruing to it from the Agbami oil field and all other interests in Nigeria to any foreign account through any commercial bank in the country pending the hearing and determination of the substantive appeal.