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Supreme Court overturns Appeal Court’s order confiscating General Hydrocarbon’s oil vessel

Supreme Court overturns Appeal Court’s order confiscating General Hydrocarbon’s oil vessel

The Supreme Court of Nigeria on Friday dismissed a decision of the Court of Appeal ordering the seizure of FPSO Tamara Tokoni, a vessel containing crude oil pledged by oil-servicing firm General Hydrocarbons as collateral for a loan facility obtained from First Bank. The five-member panel of judges,...

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