Supreme Court to Deliver Judgment Jan 29 in Chevron, Britannia-U Dispute

Barring any last minute change, the Supreme Court of Nigeria is expected to deliver judgment on January 29, 2016 in a case which involves oil giant, Chevron Nigeria, Britania-U Nigeria Ltd and Seplat Petroleum Development Company, over the disputed sale of three oil blocks ”“ Oil Mining Leases (OMLs) 52, 53 and 55.The dispute came sequel to Chevron’s alleged refusal to transfer ownership of the oil blocks to Britannia-U, which claimed it out-bid other firms.It would be recalled that a Federal High Court sitting in Abuja had sometime in December 13, 2015 granted an interim injunction against Chevron from assigning OMLs 52, 53 and 55 to any of the unsuccessful bidding companies, including Seplat, in the bid won by Britannia-U in September, 2013.