- The Dangote Group spokesperson disclosed that president Bola Tinubu has weighed in on the imbroglio and the matter is now being settled without recourse to legal action
Dangote Refinery says it has not instituted fresh legal action against the Nigerian National Petroleum Company Limited and other petroleum marketers over the import of Premium Motor Spirit (petrol).
Dangote Group said the reported litigation and impasse over sales of petrol have been overtaken by plethora of events.
The company said this in reaction to a report making the round that Dangote Refinery had dragged NNPCL and petroleum marketers to the Federal High Court to void the latter’s fuel import licences.
The spokesperson of Dangote Dangote Group, Anthony Chiejina, in a statement on Monday, said the report is false.
The Dangote Group spokesperson disclosed that president Bola Tinubu has weighed in on the imbroglio and the matter is now being settled without recourse to legal action.
“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.
“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 would be in a position to formally withdraw the matter in court,” he stated.
This comes as a report emerged on Monday that the Dangote Refinery dragged NNPCL and petroleum marketers to court over petrol imports.
Recall that upon NNPCL’s lifting of Dangote Petrol, the price of the product was increased across filling stations.
Similarly, on October 9, 2024, NNPCL and other petroleum marketers announced another petrol pump price hike to between N1030 and N1200 per litre nationwide