$250m freeze: Firm denies involvement in illegal activities

court-of-law

An oil drilling company, Seadrill Mobile Unit Ltd has filed an objection to the interim forfeiture order made by an Abuja Federal High Court freezing its bank account.

Justice Nnamdi Dimgba had on February 10 placed a temporary freeze order on Seadrill’s UBA PLC account over claims that the sum of $250 million domiciled in the bank is a proceed of oil bunkering activities.

Arguing the application yesterday, counsel to Seadrill Mobile Unit Ltd, Mayowa Owolabi asked the court to dismiss the application for being “frivolous, reckless and malicious.”

He said the claims by the federal government was orchestrated and false, adding that the bank records of the international oil company shows that accruals from its operations in Nigeria is not up to the amount claimed.

But counsel to the federal government, Senator Ameh Ebutte asked the court to grant adjournment to enable a thorough investigation of the statement of account tendered by the company, which he said, has no Bank Verification Number.

The case has been adjourned to March 14 for hearing.

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