GHL, Other Defendants Ask Court To Lift Freezing Orders As Judge Adjourns For Ruling In Mareva Suit

LAGOS JANUARY 18TH (NEWSRANGERS)-General Hydrocarbons Limited (GHL) has urged the Federal High Court in Lagos to discharge the order freezing the assets and accounts of General Hydrocarbons Limited (GHL) and its related entities, aimed at recovering an alleged loan of $225.8 million extended to the oil company on grounds that it was obtained through fraudulent…

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RE: GHL Does Not Owe FBN $225m, Moratorium Is In Place Pending Commercial Oil Production

Here are the details. Please refer to your story entitled ‘Court Freezes General Hydrocarbons’ Accounts over (Alleged) $225.8m Debt to First Bank’ and published in your platform of  January 10/ 11, 2025, as well as other misleading and malicious stories on social media. The report alleged that a Federal High Court in Lagos has frozen…

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