₦airaland Forum

Dangote Refinery has clarified reports on the case instituted against the Nigerian National Petroleum Corporation Limited (NNPCL) and five other companies over importation of petroleum products.

The other five companies are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited and Matrix Petroleum Services Limited.
Dangote Refinery, in a suit marked: FHC/ABJ/CS/1324/2024 and filed by Ogwu Onoja, SAN, before Justice Inyang Ekwo, had sued Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and NNPCL as 1st and 2nd defendants.

Also listed as 3rd to 7th defendants respectively in the originating summons dated Sept. 6 are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited, and Matrix Petroleum Services Limited.

The company equally sought a N100 billion in damages against NMDPRA for allegedly continuing to issue import licences to NNPCL and the five companies for importing petroleum products.

These it said are Automotive Gas Oil (AGO) and Jet Fuel (aviation turbine fuel) into Nigeria, “despite the production of AGO and Jet-A1 that exceeds the current daily consumption of petroleum products in Nigeria by the Dangote Refinery.”

The plaintiff prayed the court to declare that NMDPRA is allegedly in violation of Sections 317( and (9) of the Petroleum Industry Act (PIA) by issuing licences for the importation of petroleum products.

However, as Nigerians were reacting to the development, Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, clarified that the suit is not new.

“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 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.

stuffs2002:
I also thought taking the NNPCL to court was not a very smart move by the Dangote Refineries

NNPCL as a regulator are very strategic and dealing with them may require caution because these guys are not profit oriented unlike Dangote who is all about profits. Dragging long cases in court will have little or no effect on NNPCL but that will cripple Dangote Refineries.

Dangote should try to resolve all cases out of court with other players in the oil field particularly the regulators as excessive court cases have been known to destroy business.

Lastly, Dangote should be wary of all those SANs and other lawyers who are quick to want to go to court because those guys only care about being paid and the more cases in court, the more their legal fees

Unittyy:
Please Nairalanders, which of these sales roles is more financially rewarding? Which one should I accept?

1. Territory manager (Guinness Nigeria)
2. Relationship Manager ET (FBN)

NB: I'm only considering the take home.

Unittyy:
Please Nairalanders, which of these sales roles is more financially rewarding? Which one should I accept?

1. Territory manager (Guinness Nigeria)
2. Relationship Manager ET (FBN)

NB: I'm only considering the take home.

Unittyy:
Please Nairalanders, which of these sales roles is more financially rewarding? Which one should I accept?

1. Territory manager (Guinness Nigeria)
2. Relationship Manager ET (FBN)

NB: I'm only considering the take home.