Court orders NEXIM to pay firm $385,000, N30m damages

Justice Peter Affen of a Federal Capital Territory High Court, Maitama, Abuja, has ordered the Nigerian Export-Import Bank (NEXIM) to refund $385,000 to Emaren Oil and Gas Ltd over a failed business transaction. Justice Affen, in a judgement delivered yesterday, on a suit initiated by the Emaren Oil and Gas Ltd, ordered NEXIM to refund with immediate effect $385,000 being the amount deposited by the plaintiff in the course of the business. Besides, the judge ordered NEXIM to pay the plaintiff N15million in damages for negligence while making the plaintiff…

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