Dangote refinery has announced its intention to pause the legal proceedings against NNPCL and others,officially withdraw the case from court.. This is coming after the refinery requested a Federal High court to annul the import licenses held by NNPCL, Matrix, and four other companies. Additionally, Dangote Refinery is pursuing N100 billion in damages from the NMDPRA for alleged continuing to grant import licenses to NNPCL and the other four companies.
In a statement issued by Anthony Chiejina,
Group Chief Branding and Communications Officer, the Refinery is ready to withdraw the suit from court
The statement reads: “This is an old issue that started in June and culmunated 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.”
