$300,000 Guarantee Secures Release of Ship Detained by Dangote

Date:

The Federal High Court in Lagos has ordered the release of the oil tanker MT Stena Sunshine, which was allegedly detained without legal basis by Dangote Petroleum Refinery & Petrochemicals FZE, following the acceptance of a financial guarantee from the vessel’s owners.

In an interim ruling delivered by Justice Akintayo Aluko, the court directed that the vessel be freed once the owners submit a $300,000 Letter of Undertaking (LoU) from GARD Protection & Indemnity Club to secure any legitimate claims by Dangote Refinery.

The decision follows a lawsuit (FHC/L/CS/639/2025) filed by the vessel’s owners, who argued that the refinery’s actions constituted unlawful detention. The dispute arose from a March 14, 2025 incident, the specifics of which are expected to be detailed during substantive hearings.

While the court approved the vessel’s release, it declined the plaintiffs’ request for an injunction restraining Dangote and its agents from alleged harassment or interference. Justice Aluko noted that such matters would be addressed in the main trial.

In response to the suit, Dangote Refinery, along with Capt. Shivkumar Sherkhane and Rana Satendra, filed an 11-paragraph counter-affidavit opposing the release application.

Justice Aluko’s ruling instructed that the $300,000 guarantee be formally submitted to the court, after which the vessel should be immediately released.

The matter has been adjourned to May 27, 2025, for further hearing.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Sponsored

spot_imgspot_img

Popular

Related

Oketola leads IVLPAAN negotiation masterclass to empower professionals

In a bold call for professionals, creatives, and entrepreneurs...

Kida Storms Abidjan as D’Tigress Seek a Record Extending 27th Straight Afrobasket Win

In a move that underscores his unyielding commitment to...

Veterans, Newcomers clash as 1xCup 2025 Play-In Round Heats Up

Football fans across Nigeria are in for a thrilling...

A Symbol of Service: Water FC President Honours Late Ekene Adams

One year after the passing of Honourable Ekene Adams,...