Crude oil remittance: Court upholds $1.7bn arbitral award in favour of NPDC
The Federal High Court in Lagos on Monday upheld a landmark $1.7billion arbitral award in favour of the Nigerian Petroleum Development Co. (NPDC) Ltd against the Atlantic Energy Drilling Concepts Nig. Ltd and Atlantic Energy Brass Development Ltd. Justice A. Faji dismissed Atlantic Energy’s application to set aside the Arbitral Award of March 5, 2020. […]
