A Lagos State High Court sitting in Igbosere has granted an
interlocutory injunction restraining Global Resources Management
Limited and LADOL from ejecting Samsung Heavy Industries Nigeria
(SHIN) Limited and its subsidiary, SHI-MCI FZE, from the LADOL free
zone in Lagos, pending the delivery of the judgment to the substantive
suit on January 25, 2018.
A statement issued by the spokesman of SHIN and Chief Operating
Officer (COO) of the company, Mr. Frank Ejizu, disclosed that the
court order restrains LADOL from further unlawful interference with
Samsung’s use of its fabrication and integration yard within the LADOL
Free Zone Area.
“The High Court in Lagos granted an interlocutory injunction order
restraining LADOL from evicting Samsung from Samsung’s fabrication and
integration yard within the LADOL Free Zone.
“The Court ordered that Samsung be free to move in and out of its yard
with its employees, agents and service providers. Furthermore, the
court has directed LADOL to provide all services such as water and
power supply to Samsung. This crucial court order allows Samsung to
continue its operations unhindered while legal proceedings are
ongoing.
“This is an important decision in favour of Samsung and Nigeria at a
critical time. It will allow Samsung to continue to provide services
vital to the completion of the Egina project, Nigerian oil production
and the Nigerian economy.
“This decision of the High Court in Lagos is binding on LADOL and
prevents it from unlawfully evicting Samsung from the fabrication yard
or interfering with Samsung’s proprietary rights.”
He said Samsung is pleased that the High Court has ruled in its favour.
“It has restrained LADOL from evicting Samsung from the yard and
required that it complies with its legal obligations to provide
services to the yard and its Nigerian employees while proceedings are
ongoing,” Ejizu explained.
It would be recalled that Samsung originally won the tender for the
construction of the floating production, storage and offloading
platform for the exploration of the Egina oil-field 130km off
Nigeria’s coastline.
When fully operational by end of December 2018, the platform will
boost Nigeria’s oil production capability by 200,000 barrels a day and
will make a significant contribution to the Nigerian economy.
The joint venture – SHIN-MCI-FZE, which is owned 70 per cent by
Samsung and 30 per cent by LADOL’s affiliate, entered a sub-lease
agreement with Global Resources Management Limited (LADOL’s affiliate)
in order for SHI-MCI FZE to construct and develop a world class
fabrication and Integration yard and quay wall for the execution of
the local content elements of the Egina FPSO Project.
