By Innocent Anaba

Lagos—A Federal High Court sitting in Lagos, has granted an interim attachment of all funds and stakes accruable to an oil company,  Enageed Resources Ltd (a member of Sahara Group) covering Oil Prospecting Licence, OPL 274, due to non payment of an alleged $1,853,028.61debt.

Trial judge in the matter is Justice Mojisola Olatoregun.

The court also restrained the Directors and officers of the company owned and controlled by three Nigerian businessmen, Cole Tonye, Shonubi Temitope and Odunsi Ade from receiving payments from 12  banks filed before the court, pending the final determination of the case.

The order of the court was sequel to an ex-parte application filed and argued Chief Uche Obi, SAN on behalf of a limited liability company,  HOBARK International Limited.

In a supporting affidavit sworn to by the Finance Manager of the company, Godwin Eteidung, it was averred that Enageed Resources Ltd pursuant to partnership with Nigeria National Petroleum  Corporation, NNPC to production sharing contract covering OPL 274, the company  executed a services agreement with Hobark company for the provision of Rig personnel to Enageed company in the Oki and Oluegi located at  OPL 274 to conduct petroleum operations.

Hobark submitted invoices totaling the sum of $2,695,209.63, to be settled from the account of Sahara Energy Field Limited as agreed after the completion of the job, but the respondent was able to make partial payment of $554,821.72, leaving an outstanding balance of $1,853,028.61.

It added that despite repeated calls and demands, Enageed Resources refused and is unable to liquidate its outstanding debt till date.

Justice Olatoregun,  while adjourning till February 20, 2017 for the hearing of the winding up petition, restrain the Directors and officers of Enageed Resources Limited from receiving payments from 12 banks listed before the  court.