Nigeria, Feb. 19 -- A judge of the High Court of England and Wales, Justice Butcher, has ordered the appointment of receivers over oil revenues due to Eroton Exploration and Production Company Limited in a bid to enforce a multimillion-dollar judgment obtained by Brightwaters Energy Limited.
In a detailed ruling dated 17 February, Justice Butcher granted Brightwaters' application for a receivership order by way of equitable execution, finding it "just and convenient" in the circumstances.
Brightwaters and Eroton are both Nigerian companies, and the dispute arose from services and materials supplied by Brightwaters to Eroton in Nigeria.
On 21 June 2022, a consent judgment was entered at the High Court in Lagos, under which Eroton and En...
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