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Seplat Energy PLC - Nigerian energy company - Says made aware of injunction granted by the Federal High Court in Lagos, Nigeria against Shebah Exploration & Production Co Ltd, and eight others. Also notes "additional 29 cited parties". Says interim orders mean Seplat and others are not able to deal with assets, or transfer funds to Shebah. "The order has no impact on the operations of Seplat Energy. We understand the injunction relates to loans made by Zenith Bank PLC to Shebah Exploration & Production Co Ltd in 2014," Seplat says.
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By Eric Cunha; ericcunha@alliancenews.com
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