Court dismisses First Bank’s suit against General Hydrocarbons

The Federal High Court sitting in Port Harcourt, Rivers State, has dismissed a suit  First Bank instituted against energy company General Hydrocarbons.

Details seen by this newspaper showed that the court laid aside the entire lawsuit, noting that it lacks the jurisdiction required to hear the case while upholding General Hydrocarbons’ preliminary objection challenging the court’s jurisdiction.

The energy company is owned by Nduka Obaigbena, the chairman of THISDAY…