Malabu Oil and Gas Limited has issued a pre-action notice to the Nigerian government, rejecting claims that the dispute concerning OPL 245 has been settled. In the notice, dated March 17, 2026, Malabu warns that any legal agreements made without their involvement are unwarranted and cannot be recognized regulatory-wise. The company asserts they were not consulted or part of any supposed negotiations that government officials claim are beneficial for the Nigerian economy.

This legal challenge adds complexity to the OPL 245 saga, which has been marred by controversies and prolonged litigation over the rights connected to the oil block. Malabu's firm stance highlights their dissatisfaction with the government's unilateral claims of resolution and suggests potential legal ramifications as additional lawsuits are still pending. The allegations made by Malabu directly oppose statements from the Attorney-General of the Federation, Lateef Fagbemi, who had touted the recent agreement as a significant advantage for Nigeria's oil sector.

As this scenario unfolds, the outcome of Malabu's legal threats could have major implications for not only the OPL 245 contract but also for the broader Nigerian oil industry. The situation points to ongoing tensions between the government and oil firms concerning legal recognition and the legitimacy of agreements in resource management, which could affect foreign investment and regulatory practices in Nigeria's oil sector.