Dangote Petroleum Refinery has refuted allegations of initiating a new lawsuit against the Nigerian National Petroleum Company (NNPC) Limited.
Reports had suggested the refinery sought to nullify import licenses granted to NNPC and other oil marketers for refined petroleum products already produced domestically.
However, according to Anthony Chiejina, Group Chief Branding and Communications Officer, the lawsuit in question has been ongoing since June and is slated for withdrawal by 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).”
Dangote refinery said it has made tremendous progress in that regard and events have overtaken the 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,” 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.”
On October 5, the federal government said Nigeria officially commenced the sale of crude oil and refined petroleum products in naira.
