A federal High Court in Port Harcourt, Rivers State, has ordered an immediate seizure of an oil vessel belonging to General Hydrocarbons Limited, a company own by the Chairman and Editor-in-Chief of the ThisDay Media Group and Arise Group, Nduka Obaigbena.
However, police or any other agencies were not enjoined to specifically implement the seizure.
It was learnt that the order to seize cargo, Floating Production Storage and Offloading (FPSO) Vessel Tamara Tokoni, was in respect of an application by the First Bank of Nigeria over $225million debt.
According to the court document, the order was based on the suit numbered FHC/PH/CS/02/2025 and between First Bank of Nigeria Limited as Plaintiff and General Hydrocarbons Ltd; the Cargo of Crude Oil on Board FPSO Tamara Tokoni; owners/operators of the FPSO Tamara Tokoni and the master, FPSO Tamara Tokoni as 1st to 4th defendants.
“This is therefore to require and order you forthwith to arrest and detain the cargo of crude oil on board the floating production storage and offloading (fpso) vessel Tamara Tokoni and to keep same under detention until you shall receive further order(s) from the Court,” said the presiding judge, Justice E.A Obile.
According to the financial institution, General Hydrocarbons was indebted to the tune of $225.8 million as of 30 September, 2024.
