FCT High Court voids ICC arbitration against Aiteo over OML 29 deal
The High Court of the Federal Capital Territory, Abuja, has invalidated arbitration proceedings initiated at the International Chamber of Commerce (ICC), London, against Aiteo Eastern Exploration and Production Company Limited by lenders involved in financing its purchase of Oil Mining Lease (OML) 29. Justice S.B. Belgore, ruling on Tuesday, declared the arbitration null, stating it…
