First Bank of Nigeria appeals court ruling, seeking to block General Hydrocarbons' arbitration.

First Bank of Nigeria is appealing a court ruling that dismissed its lawsuit against General Hydrocarbons, a decision which cleared the way for the energy company to pursue arbitration seeking damages. The Port Harcourt Federal High Court found the bank's lawsuit was an abuse of process and lacked jurisdiction. Despite the ruling, First Bank is requesting an injunction to keep the oil cargo under arrest while the appeal is pending.