Global Gas & Refining Limited (GGRL) Tuesday condemned the sale of Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance Africa Energy Holdings, describing the transaction as a violation of Nigeria’s judicial system.
In a statement, Global Gas Chairman, Kenneth Yellowe, criticised the March 13, 2025 announcement, accusing Shell of proceeding with the sale despite a pending court case. He cited Suit No: FH/ABJ/CS/413/2024 at the Federal High Court, in which Global Gas had sued Shell and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over the deal.
According to Yellowe, the transaction disregards a court order restraining any sale pending the case’s resolution.
Beyond Shell, Global Gas also condemned NUPRC for approving the deal under Commission Chief Executive Gbenga Komolafe, despite a sworn Affidavit of Undertaking in court, which committed the regulator…
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