By Taiye Agbaje
Malabu Oil & Gas Ltd has filed a N1 trillion suit against the Federal Government seeking an order quashing the conversion of Oil Prospecting Licence (OPL) 245 to OML 245 by the federal government.
Malabu Oil, in the suit filed by its lawyer, Reuben Atabo, SAN, before Justice Mohammed Umar of the Federal High Court in Abuja,
Malabu, the applicant, sued President Bola Tinubu, the Attorney-General of the Federation (AGF) and the Minister of Petroleum Resources as 1st to 3rd respondents respectively in the suit marked: FHC/ABJ/CS/871/2026.
In the notice of motion dated and filed on May 25 by Atabo, the company argued that the conversion of OPL 245 to OML 245 was done while a number of cases were pending at the Federal High Cout up to the Supreme Court.
It therefore sought a declaration that splitting OPL 245 into four assets to be managed
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