Landmark Supreme Court Ruling Grants GHL Ownership of FPSO Tamara Tokoni Crude Cargo

The Supreme Court has ordered the immediate release of crude oil aboard the FPSO Tamara Tokoni to General Hydrocarbons Limited. A unanimous five-member panel overturned the Court of Appeal’s decision and clarified the scope of admiralty jurisdiction in Nigeria. The justices ruled that First Bank of Nigeria’s suit was a contractual dispute beyond admiralty proceedings. They found the lower courts lacked jurisdiction and nullified the previous judgment as perverse. Justice Habib Abiru delivered the lead judgment. The ruling marks a significant precedent for future maritime and commercial disputes. General Hydrocarbons Limited now secures its claim to the cargo, ending a protracted legal battle.

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