Bablink Slams $150m Suit Against Brentex Petroleum, China Firm

A High Court of the Federal Capital Territory (FCT) sitting in Nyanya, Abuja, presided by Justice Edward Okpe, has granted a Mareva injunction restraining eight financial institutions, each and everyone of them and their servants, agents and privies from transferring or dealing with or paying over or disposing of however, any money standing to the credit or which may come to the credit or for the benefit or to Brentex Petroleum Limited and China Petroleum Pipeline Co. Limited or all the Defendants or removing such moneys in the Defendants’ Bank Accounts as listed in “EXHIBIT A” attached to the affidavit in support of the instant application, from jurisdiction, pending the determination of the substantive suit in this Court.

Justice Okpe made the order upon hearing of a motion exparte marked FCT/HC/M/1962/2023, dated and filed on December 13, 2023.

The exparte motion moved by Matthew Onoja Esq. on behalf of Bablink Resources Nig. Ltd on Thursday, was drawn from a suit marked FCT/HC/CV/589/2023, filed by Bablink Resources Nig. Ltd. against Brentex Petroleum Ltd. and China Petroleum Pipeline Engineering Co. Ltd.

“The Defendants’ Bank Account Exhibit “A” to which this order relates attached to the affidavit in support of the Motion is hereby incorporated as part of this order,” Justice Okpe ordered.

Meanwhile, in the substantive suit, Bablink sought a declaration that it (Claimant) acted jointly with Brentex Petroleum Limited and China Petroleum Pipeline Co. Limited (Defendants) (by deploying its technical expertise, experience, facilities, personnel, amongst others) in the formation of the unincorporated Brentex-CPP Consortium that submitted a bid to the Nigerian National Petroleum Company (NNPC) and successfully won the contract for the Engineering, Procurement and Construction (EPC) of part of the Ajaokuta-Kaduna-Kano Gas Pipeline (“AKK Gas Pipeline Project”).

AKK Project

Bablink is seeking an order directing the Defendants to pay it a sum representing at least 30% of the net profit accruing to the Brentex-BPP Consortium for the portion of the Contract already performed without the participation of the Claimant or any other sum the court may determine considering the overall circumstances of the case as compensation for the Claimant’s efforts towards the award of the Contract to the Defendants by the NNPC.

Culled from Leadership