The affected oil firms are Petralon 54 Limited; Petralon Energy Limited and Tako E&P Solutions Limited – 1st, 2nd and 4th defendants in the suit filed by Eurafric Energy Limited.
Justice Osiagor made the order, after hearing the applicant’s (Eurafric’s) counsel, George Duru.
However, the Nigerian Upstream Regulatory Commission (NUPRC), 3rd defendant was not affected by the order, according to court documents obtained by our correspondent.
Justice Daniel Osiagor made the order following the plaintiff’s claim that the three firms had yet to declare the total quantity of crude sold, the amount it was sold, the royalty paid to the government and the balance left.
The judge also ordered the 18 banks to disclose on oath, details of the amounts standing as credit balance in the respective accounts of the affected firms.
Justice Osiagor directed the commercial banks to file their affidavit of compliance within 14 days of receipt of the order.
The judge also granted an interlocutory injunction restraining the three oil firms from tampering with, withdrawing or dissipating the proceeds of the sale of the crude oil produced by the joint venture partners – Petralon Energy Limited and Tako E&P Solutions Limited – in the exploration operation at Dawes Island pursuant to the Oil Mining Licence awarded to the plaintiff by the Nigerian Upstream Regulatory Commission, the third defendant’s predecessor in title.
The Court also directed the three firms, their agents, directors, representatives and any person acting for or in trust for them, to disclose on oath the total quantity of crude sold, the amount for which it was sold, the royalty paid to government and the balance left.
Thr matter has been adjourned till October 14 for further hearing.