A REVIEW OF THE FEDERAL COMPETITION AND CONSUMER PROTECTION BILL, 2016 – Okojie-Bolu

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Case Study of an Insolvent Oil and Gas Asset Holder in the Nigerian Petroleum Industry: Matters Arising [Part 3] – Peter Olalere

INTRODUCTION:

The 2 recent cases which highlight the issues arising in the transfer, assignment and acquisition of interests in oil and gas assets in Nigeria induced by insolvency are the cases of Afren Petroleum Plc (“Afren Plc”) and Allied Energy Limited – Holder of OMLs 120 & 121 (“Allied Energy”). We provide at the outset, a highlight of the facts and decisions of the said cases and commentary with illustration of the matters arising from them.