.png)
4 hours ago
1
-
Federal High Court in Abuja has adjourned until January 30 a suit filed by Dangote Petroleum Refinery and Petrochemicals FZEm
-
Dangote Refinery is seeking to halt the issuance of oil import licences to some oil marketers.
-
The marketers, however, argued that Dangote Refinery does not produce enough petroleum products to meet Nigeria’s daily consumption needs.
The Federal High Court in Abuja on Monday adjourned until January 30 a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE against the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and six others.
In the suit, Dangote Refinery is seeking to halt the issuance of oil import licences to some oil marketers, arguing that such actions violate Sections 317(8) and (9) of the Petroleum Industry Act (PIA).
The company is also seeking N100bn in damages against the NMDPRA for allegedly continuing to issue import licenses to the Nigerian National Petroleum Corporation Limited (NNPCL) and the other marketers.
ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!
The marketers, however, argued that Dangote Refinery does not produce enough petroleum products to meet Nigeria’s daily consumption needs and that monopolising the sector would harm the economy.
READ ALSO: Dangote Refinery’s Fuel Price Hike Baffling, Says Shehu Sani
They maintained that the import licences issued to them were lawful and in compliance with the PIA, the Federal Competition and Consumer Protection Act, and other relevant laws.
Justice Inyang Ekwo granted the new date following an application by the plaintiff’s counsel, George Ibrahim (SAN), who sought leave to amend the originating summons.
The defendants’ counsel confirmed they had not been served with the amended originating summons and requested proper service before the case could proceed.
Justice Ekwo instructed Dangote Refinery’s counsel to ensure the case was properly positioned to be heard on the next adjourned date.
“You have not been able to position this matter to be heard, and that is the cause of the adjournment,” Justice Ekwo said.
The plaintiff’s counsel requested 10 days to serve all parties in the suit.
Dangote Refinery Increases Ex-Depot Price, Partners to Sell Petrol at ₦970 per Litre
Dangote Refinery has announced an increase in its ex-depot price of fuel from ₦899.50 to ₦950 per litre.
According to the refinery’s spokesman, Anthony Chiejina, the price adjustment is directly related to the significant increase in global crude oil prices.
English (US)