Sunday, 29 September 2024

Nigeria: Agip MDs Might be Jailed Over ARCO Saga

Nigeria - Two managing directors of Agip Oil Co. might be jailed on Monday when they flouted a court order mandating the company to award a certain contract to Arco Group, ThisDay reports.

Excerpts:


Justice Lambo Akanbi of the Federal High Court sitting in Port Harcourt has ordered the Managing Directors of the Nigerian Agip Oil Company Limited and Plantgeria Company Limited, Mr. Insula Massimo and Mr. P. L. Carrodano to appear before the court on Monday, April 27, to inform the court why they should not be committed to prison for disobeying the order of the court.

Ruling on the ex-parte application brought before the court by Arco Group Plc, Justice Akanbi equally granted the firm the leave of the court to serve the chief executive officers of the companies the notices of the consequences of disobeying the court’s order (Form 48) by substituted means.

The court had on February 4 restrained the two companies and their agents from awarding or taking any step to award to any person, company or firm except ARCO any contract whether designated as interim, stop-gap for the maintenance of gas turbines or rotating equipment at Agip’s OB/OB, Ebocha and Kwale gas plant pending the hearing and determination of the motion on notice for the order of interlocutory injunction.

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