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High Court orders to Freeze Payments to NIKO

  • Matiur Chowdhury

The High Court (HC) on Monday directed the government to stop gas payment to Niko and freeze all bank accounts of the Canadian oil company in Bangladesh. The court also asked the government to explain in six weeks why the Bapex-Niko gas exploration agreement should not be declared illegal. It also directed the government to submit within 15 days the six investigation reports of different committees--five on the two blowouts at the Tengratila gas field in January and June this year, and one on the agreement between the Bangladesh Petroleum Exploration and Production Company Ltd (Bapex) and Niko.

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