Malabu Oil Serves Pre-Action Notice, Rekindles OPL 245 Legal Battle

The Federal Government’s claim that the long-running OPL 245 dispute is settled has been challenged by Malabu Oil and Gas Limited. On March 17, 2026, the company served a pre-action notice on the Nigerian Upstream Petroleum Regulatory Commission. It warned against approving or implementing the contested agreement while multiple suits remain pending. Malabu argues it was never consulted in the deal celebrated by the Attorney-General of the Federation. The notice, drafted by R. O. Atabo, SAN, LL.D, lists appeals before the Supreme Court and ongoing proceedings at the Federal High Court in Abuja. It also challenges its removal from the Companies Register, prompting a separate legal action. The firm seeks a court declaration that its rights in OPL 245 remain valid. It aims to void the March 5, 2026 resolution, block regulatory steps, and restrain all parties from operating the block. Malabu is claiming ₦1 trillion in damages and has given regulators 30 days to halt any implementation.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.