The Court of Appeal in Abuja has dismissed Malabu Oil and Gas Ltd’s suit over the disputed $1.3 billion oilfield in Nigeria, Oil Prospecting Licence (OPL) 245, in favor of Nigerian Agip Oil Company.
The Appeal Court set aside a 2020 Federal High Court ruling which had dismissed Agip’s preliminary objection against Malabu’s claim that its rights and interests in OPL 245 remained valid and subsisting, and had not been revoked by the federal government of Nigeria.
Justice H. A. Barka of the Appeal Court dismissed Malabu Oil’s suit for being an “abuse of court process” on May 23, 2025.