The long-running controversy surrounding Oil Prospecting License (OPL) 245 has resurfaced at the Federal High Court in Abuja, where Malabu Oil & Gas Ltd has filed a fresh motion challenging the Federal Government’s decision to split the oil block into four separate assets. In Suit No: FHC/ABJ/CS/871/2026, Malabu is asking the court to declare the government’s actions illegal, nullify the disputed agreements, restrain further interference, and award damages of N1 trillion for what it describes as unlawful encroachment on its rights.

A Federal High Court in Abuja has granted Malabu Oil & Gas Limited permission to seek a judicial review against the Federal Government over the alleged division and reallocation…

The long-running controversy surrounding Oil Prospecting License (OPL) 245 has resurfaced at the Federal High Court in Abuja, where Malabu Oil & Gas Ltd has filed a fresh motion…

Malabu sought a declaration that splitting OPL 245 into four assets was unlawful.

Malabu Oil & Gas Ltd has filed a N1trn suit against the Federal Government over the restructuring of Oil Prospecting Licence (OPL) 245...