Chevron defies pending Supreme Court case

Chevron Nigeria Limited (CNL) may have ignored a case pending before the Supreme Court, over a controversial oil assets sale initiated in 2013 following the announcement yesterday by Seplat Petroleum Development Company plc that it has concluded the takeover of Oil Mining Leases (OMLs) 53 and 55, two of the three assets, the multinational oil company offered in the bid round.

A raft of suits seeking to stop Chevron Nigeria Limited from signing off these assets to a Seplat-led consortium followed a stalemated bidding session when Chevron failed to announce an outright winner

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