In a judgement given on the 24 th December,2020, by Justice R.M. Aikawa of the Federal High Court (FHC) sitting in Lagos in the case between Access Bank Plc vs Seplat Petroleum Development Company and others, the FHC upheld an earlier Mareva injunction by allowing Access Bank to hold onto the assets of SEPLAT.This was confirmed by our correspondent present at the court sitting.
Justice R.M. Aikawa said the Balance of Convenience tilts in favour of the plaintiff (Access Bank). He Granted the Mareva which means that Access Bank’s receiver-manager would be in charge of SEPLAT’s stated assets until the next ruling on pending applications which has been scheduled for January 26, 2021