- Says Once Matter Comes Up In January, We Would Be In Position To Formally Withdraw It
The Dangote Industry Limited, the parent company of Dangote Refinery and Petrochemical Plant has expressed willingness to withdraw its ₦100bn suit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The Matrix had earlier reported that the refinery’s operators had filed a suit against NMDPRA for granting import licenses to the Nigerian National Petroleum Company Limited (NNPCL), Matrix Petroleum Services Limited, AA Rano Limited, and four other companies despite the local production of petroleum products.
READ ALSO: Dangote Refinery Drags NNPCL, NMDPRA, Matrix, Four Others To Court, Seeks Revocation Of Their Import Licences
Reacting to the development, the Dangote Group, in a statement late Monday titled “No Fresh Case Against NNPCL Others” by spokesman for the group, Anthony Chiejina, said the parties involved in the suit have commenced conciliatory talks. He also said that the refinery does not have any intention of proceeding with the suit.
It reads, “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 President Bola Tinubu’s directive on Crude Oil and Refined products sales in Naira Initiative, which was approved by the Federal Executive Council (FEC).
READ ALSO: NNPC Sensitises Over 1,000 Auto Mechanics to CNG Conversion
“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 in January 2025, we will be in a position to withdraw the matter in court formally” the statement
