Africa · Western
Key Facts
—The ruling. A Federal High Court in Lagos voided a House of Representatives directive ordering Seplat Energy to pay N72.6 billion ($47.2 million) in compensation.
—The legal principle. The court held that the National Assembly cannot adjudicate civil liability or award damages; that power belongs exclusively to the judiciary.
—The company. Seplat is Nigeria’s largest independent oil and gas firm and completed its $1.3 billion acquisition of ExxonMobil’s local assets in December 2024.
