High court returns OPL 245 to Shell, Eni

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An Abuja Division of the Federal High Court has reversed its previous ruling which retrieved the control of one of Nigeria’s richest oil blocks, OPL 245, from Shell and ENI, Premium Times reports.

The court had on January 26, issued an order, based on a motion by the Economic and Financial Crimes Commission, retrieving the ownership of the oil block from the multinational companies.

Delivering the ruling on the various applications regarding the matter, Justice John Tsoho said the ownership of the company should return to Shell and ENI.

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