BY ABU-SATAR HAMED
LAGOS, NIGERIA – The Management of Dangote Refinery has clarified that it has not filed any new case against the Nigerian National Petroleum Corporation Limited (NNPCL) and other entities.
In a press release titled “No Fresh Case Filed Against NNPCL,” signed by Sunday Esan and made available to StarTrend Int’l Magazine, Dangote Refinery emphasized that there are no new legal proceedings.
According to the statement, the issue in question dates back to June 2024 and resulted in a case being filed on September 6, 2024.
However, since then, all parties have engaged in discussions, spurred by President Bola Tinubu’s directive regarding the “Crude Oil and Refined Products Sales in Naira” initiative, which was approved by the Federal Executive Council (FEC).
The refinery’s management highlighted the progress made, indicating that discussions have overtaken the legal developments.
There has been no need to serve court processes to any party, and there is no intention of moving forward with the case. The parties have mutually agreed to pause legal proceedings.
The statement also underscored that “no court orders have been issued, and there have been no negative impacts on any involved parties. The situation remains stable, and the matter will likely be withdrawn in January 2025 when it is scheduled to come up in court.”
The release reads in part:
“No Fresh Case Filed Against NNPCL, Others – Dangote
This is an old issue that started in June and culminated in a matter being filed on September 6, 2024
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).
We have made tremendous progress in that regard and events have overtaken this development.
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.
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.”