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Nigerian Banks Dragged to Court for Allegedly Destroying $1.8bn in Oil Production , Who’s Really to Blame?

E

4 months ago

Nestoil and Neconde are suing FirstBank, Access, Zenith, and others for $1.8 billion, claiming their reckless actions slashed oil output from 60,000 to below 40,000 barrels per day and ruined drilling plans. The Supreme Court has already slapped down FirstBank’s attempt to remove the judge, calling it a misuse of the legal process. With a N100 billion property seizure case also piling on, are these banks too powerful to be held accountable, or is this just another corporate blame game?
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