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Saturday, April 19, 2025

$225.8m First Bank loan: Court lifts order freezing GHL assets

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Justice Dehinde Dipeolu, of the Federal High Court in Lagos on Wednesday vacated an ex parte mareva injunction that froze the assets of General Hydrocarbons Limited, a Nigerian oil and gas services company, in connection with a disputed $225.8m loan debt. The court held that the injunction violated an existing order from a court of

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