By Els William
Shedrack Ogboru, Managing Director of Macobarb International Ltd, presented 37 documents to support a claim that Nigeria LNG (NLNG) owes his firm N5.074 billion. Key documents included a letter from NLNG’s General Counsel, Akachukwu Nwokedi, which stated that the contract had no “standby payment” provisions, a claim Macobarb disputes, citing contract terms they believe support “stand-down payments.” A forensic auditor testified to back Macobarb’s position.
Macobarb argues NLNG’s refusal to honor contract terms has left their equipment immobilized on-site, adding to NLNG’s liability. They allege partial payment for work, claiming N38 million was due, but only N33 million was paid. NLNG’s legal team, led by Prof. Bayo Adaralegbe, began cross-examination, questioning Ogboru’s eligibility to sue and his compliance with contract conditions, specifically regarding a performance bond.
The case was adjourned for further cross-examination to November 29, December 2, and December 3, 2024.
You may read further about the case and issues involved in Thisday publication,” NLNG May Face Sanction over Alleged Nigerian Content Policy Violation” and Majorwaves Energy Report, “Court Dismisses NLNG Objections In N1bn Claims Case By Macobarb”
Source credit: Thisday
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