Pegasus Reporters Issues on the Wing
“Currently, the parties are in discussion since the President Bola Tinubu’s directive on Crude Oil and Refined products sales in Naira Initiative, which was approved by the Federal Executive Council (FEC).”
*Nigerian billionaire, Aliko Dangote
PEGASUS REPORTERS, LAGOS | OCTOBER 22, 2024
The management of Dangote Petroleum Refinery has denied filing a fresh charge against the Nigerian National Petroleum Company (NNPC) Limited.
Reports published by some media on Monday claimed that the Dangote refinery has filed a court proceeding seeking to void import licenses issued to the NNPCL and other oil markers, to import refined petroleum products that are already being produced by the company without shortfalls.
In a statement on Monday, Anthony Chiejina, group chief branding and communications officer, said the lawsuit reported has been in court since June and Dangote refinery plans to withdraw the case in January 2025.
“This is an old issue that started in June and culminated in a matter being filed on September 6, 2024,” the company said.
“Currently, the parties are in discussion since the President Bola Tinubu’s directive on Crude Oil and Refined products sales in Naira Initiative, which was approved by the Federal Executive Council (FEC).”
Continuing, the management said that even though it had made tremendous progress with the case, events have overtaken it thus the need for discontinuing the option.
“No party has been served with court processes and there is no intention of doing so. We have agreed to put a halt to the proceedings,” the company said.
“It is important to stress that no orders have been made and there are no adverse effects on any party. We understand that once the matter comes up January 2025, we would be in a position to formally withdraw the matter in court.”
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