Shell Petroleum Development Company of Nigeria (SPDC) Ltd;Total E & P Nigeria Ltd (TE&P) and Nigeria Agip Oil Company Ltd (NAOC) have filed an application seeking to stay further proceedings in the suit filed to halt them from transferring their 45 percent participating interests in Oil Minning Lease (OML) 25 at the Federal High Court, Lagos.The matter is before Justice Mohammed Idris. The Judge had earlier made an order after hearing ex-parte application and arguments presented by Tayo Oyetibo, SAN, counsel to the applicant, Crestar Integrated Natural Resources Limited (CINRL), retraining Shell and others from divesting their interest in OML 25 pending the determination of the suit.
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