Nigeria, March 19 -- The controversial $2.4 billion divestment of Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance Africa Energy Holdings has escalated as Global Gas & Refining Limited (GGRL) intensifies its legal opposition.

The ongoing dispute threatens to derail the transaction and raises concerns about judicial integrity and regulatory compliance in Nigeria's oil and gas sector.

Shell Accused of Defying Court Orders

Global Gas has strongly criticized the divestment, accusing Shell and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) of disregarding a Federal High Court order that prohibits any action on the sale until ongoing litigation is resolved.

In a public statement, Global Gas Chairma...