Mohammed Shosanya
Dangote Petroleum Refinery and Petrochemicals FZE has denied a fresh suit asking the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Corporation Limited (NNPC), Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies for the purpose of importing refined petroleum products that are already being produced by Dangote without shortfalls.
Reacting to the viral court action against the parties,the company said is an old issue that started in June and culminated in a matter being filed on September 6, 2024.
According to a statement signed by Dangote Industries Limited (DIL) Group Chief Branding and Communications Officer, Mr. Anthony Chiejina, the parties are currently 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).
It added:“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.”
