Oil Bunkering: Court Summons Zenith Bank Over N150m Bond For Accused Russians 

 

The Federal High Court in Lagos has ordered Zenith Bank to appear before it next Tuesday to explain why the bank should not forfeit the N150 million bond issued to secure the bail of three Russians standing trial before the court.

Oil Bunkering Today Nigeria

The three men are among 14 accused foreigners standing trial before the court on a five-count charge of illegally dealing in petroleum products.

In June 2015, the Economic and Financial Crimes Commission (EFCC) arraigned before the court the 14 foreigners, who comprise seven British citizens, three Russians, three Ukrainians and one Japanese, for their alleged involvement in massive oil bunkering in Nigeria’s territorial waters.