UK court rules Nigeria-based Aiteo Eastern E&P must submit to arbitration

Issue 460 - 17 May 2022 - By James Gavin

A dispute over loans given to Aiteo Eastern E&P to pay for its acquisition of Nigerian oil assets from Shell in 2015 is heading for arbitration after a London court ruling. One lender warned that a default could have serious consequences for the Nigerian banking system.

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