The Dangote Group has described the reported lawsuit against the Nigerian National Petroleum Corporation (NNPC) Limited and other oil companies, seeking to revoke their import licenses, as “an old issue.”
In a statement on Monday, the group’s communications officer, Anthony Chiejina, clarified that the proceedings are currently on hold, with plans for a complete withdrawal by January 2025.
Chiejina emphasized that the case is not a new development but an issue that began in June and led to a matter being filed on September 6, 2024.
He further assured that when the case is revisited in January 2025, the group will be prepared to formally withdraw it from the court.
What Dangote Group is Saying
The statement, titled “NO FRESH CASE FILED AGAINST NNPCL, OTHERS,” issued by Chiejina, read:
“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 the 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.”
