The FirstBank’s involvement in the case between Shell Petroleum Development Company Limited and the Ejama Ebubu Community only arose from the Litigation Guarantee in the sum of N17.2billion plus interest it issued at Shell’s request as a condition for the stay of execution of a ruling in a lawsuit between the Oil company and the Ebubu Community which is still subject to two separate and subsisting appeals before the Supreme Court of Nigeria.
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Shell- Ejama Dispute: FirstBank Clarifies Position on Court Garnishee Order - THISDAYLIVEFirstBank of Nigeria Limited yesterday described a garnishee order compelling the Central Bank of Nigeria (CBN) to pay the people of Ejama Community in Eleme Local Government Area of Rivers State a total sum of N182.7 billion as strange. The bank which stated this in a statement, signed by its Group Head, Marketing & Corporate …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Shell- Ejama Dispute: FirstBank Clarifies Position on Court Garnishee Order - THISDAYLIVEFirstBank of Nigeria Limited yesterday described a garnishee order compelling the Central Bank of Nigeria (CBN) to pay the people of Ejama Community in Eleme Local Government Area of Rivers State a total sum of N182.7 billion as strange. The bank which stated this in a statement, signed by its Group Head, Marketing & Corporate …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »