No Fresh Case Filed Against NNPCL and Others, Says Dangote Refinery

There are no new legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) and other parties involved in the ongoing discussions following a directive from President Bola Tinubu on the sale of crude oil and refined products in Naira.

The case, which originated in June 2024 and was officially filed on September 6, 2024, has seen substantial progress through negotiations, according to Anthony Chiejina, Group Chief Branding and Communications Officer of the NNPCL.

Chiejina emphasized that the parties are currently in discussions following the Federal Executive Council's (FEC) approval of the Crude Oil and Refined Products Sales in Naira Initiative. He noted that "tremendous progress" has been made, which has rendered the legal issue secondary.

“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," Chiejina stated, dismissing any concerns about the case moving forward.

Furthermore, he clarified that no court orders have been issued, and the matter has no adverse effects on any of the parties involved. The discussions between the parties suggest that the case will likely be formally withdrawn when it is scheduled to be brought before the court in January 2025.