Nigeria, April 29 -- The Federal High Court in Port Harcourt has set aside an extraordinary general meeting of Springview International Logistics Limited and barred the company and its officials from proceeding with a proposed sale of its majority stake in an offshore vessel, MV Wariboko, pending the resolution of a suit filed by Global Spectrum Energy Services Plc.

In a ruling delivered on 1 April, the judge, Stephen Pam, held that the meeting held on 24 February violated an earlier court order and ongoing proceedings before the court.

The suit, marked FHC/PH/CP/02/2026, lists Global Spectrum Energy Services Plc as the petitioner, while Springview International Logistics Limited, Olatunji Kolawole, Hakeem Haruna, Exmar Offshore Ltd and...