First Bank: We are constrained to issue the following statement to set the records straight and correct the erroneous reporting contained in some media publications.
On 6th June, 2018, Honourable Justice I.N Buba of the Federal HighCourt, Lagos Judicial Division, granted a motion in SUIT NO: FHC/L/NRJ/1/2018 committing the Chairman and Managing Director of FirstBank of Nigeria Ltd. for contempt Ex Facie Curiae with respect to an order given by the same Honourable Justice I.N Buba on 14th June, 2010, in Suit No: FHC/PH/CS/231/2001 Chief Isaac Osaro Agbara & 9 Ors. v. Shell Petroleum Development Ltd, Shell International Petroleum Ltd and Shell International Exploration and Production BV.
FirstBank of Nigeria Limited (FirstBank) was not a party to the suit and earlier order of Honourable Justice I.N Buba dated 14th June 2010 in respect of which His Lordship has now committed the Board Members of FirstBank for contempt.
In view of the fact that FirstBank and its Board members were not parties to the earlier orders of Honourable Justice Buba, over which he subsequently assumed jurisdiction in respect of contempt outside the face of the court, and His Lordship’searlier orders did not direct either FirstBank or its Board members to perform any obligation, neither did it impose any task on FirstBank, suffice to say that FirstBank did not and could not have disobeyed any order made by Honourable Justice I.N Buba in Suit No:FHC/PH/CS/231/2001 Chief Isaac Osaro Agbara & 9 Ors. V. Shell
Petroleum Development Ltd, Shell International Petroleum Ltd and Shell International Exploration and Production BV (Shell) made on 14thJune 2010, since there was no order made against it.
It is pertinent to note that Sh