Interocean entities, comprising Interocean Oil Development Company
(Nigeria) and Interocean Oil Exploration Company (Nigeria), companies
incorporated under the laws of Delaware in the United States, have
dragged the Nigerian National Petroleum Corporation (NNPC), Corporate
Affairs Commission (CAC) and one Dr. Festus Fadeyi to both the Federal
High Court in Lagos and the Court of Appeal, also in Lagos, over the
ownership of Pan Ocean Oil Corporation of Nigeria (Panocean).
