Liberia: Justice Banks Denies Harry Greaves' Petition to Stop Oil Block Sale

Nov 30, 2014 | Abednego Davis, AllAfrica
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A request to prevent the Liberian government from receiving about US$120million as "signature bonus" from the sale of the four remaining offshore oil blocks LB-6, LB-7, LB-16 and LB-17, was last Thursday, November 27, denied by the Associate Justice presiding in Chambers, Justice Philip A. Z. Banks.

Mr. Greaves had filed a writ of prohibition against the National Oil Company of Liberia (NOCAL) to prevent the sale of the four offshore oil blocks. GOL is scheduled to receive a "signature bonus" from each of the international oil Companies (IOCs), amounting to US$30 million. But Mr. Greaves, former Managing Director of the Liberia Petroleum Refinery Company (LPRC), filed a lawsuit against NOCAL before Justice in Chambers Banks.

Mr. Greaves was seeking the High Court's intervention to halt the sale of the oil blocks and to stop the company from evaluating and notifying the successful bidders.