Court Lifts Mareva Orders in Green Energy/Lekoil Case

Emmanuel Addeh in Abuja

Green Energy International Limited and Lekoil Oil and Gas Investments Limited have confirmed that the Federal High Court sitting in Lagos has ordered that the parties in its ongoing case should maintain the status quo ante bellum in suite No. FHC/CP/237/2026.

The parties said this relates to the position prior to the appointment of the Interim Administrator, pending determination of the pending applications.

The court further suspended the Interim Administrator from further activity and lifted all Mareva orders affecting the companies’ bank accounts. The matter has been adjourned to April 22, 2026.

A statement by the companies said management authority remains with the duly constituted leadership of the companies, while all prior freezing restrictions have been lifted.

Operations continue in the ordinary course without interruption, the companies said, stressing that they will continue to pursue their jurisdictional challenge and arbitration proceedings in accordance with the governing agreements.

Operations at Otakikpo (PML 11) continue uninterrupted, according to the statement, and remain in full compliance with applicable regulatory and contractual requirements.

“It is hereby ordered as follows: That pending the determination of all the applications before this honourable court, parties should maintain status quo ante bellum, that is the status, before the appointment of the administrator.

“That the administrator is hereby suspended from further activity in respect of the company. Consequently, all the Mareva Orders are hereby lifted. That the matter is further adjourned to 22nd day of April, 2026 for hearing,” court papers seen by THISDAY stated.