The Dangote Industry Limited (DIL), the parent company of Dangote Refinery and Petrochemical Plant, has declared its readiness to withdraw the ₦100 billion suit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The operators of the refinery had filed the suit against NMDPRA at the Federal High Court, Abuja, for granting import licenses to the Nigerian National Petroleum Company Limited (NNPCL), Matrix Petroleum Services Limited, AA Rano Limited, and four other companies despite local production of petroleum products.
The DIL in a statement issued late Monday by its spokesman, Anthony Chiejina, said the suit filed on September 6 was an “old issue” and had been overtaken by events.
He said the parties involved in the suit have commenced conciliatory talks.
The spokesman insisted that the refinery does not have any intention of proceeding with the suit.
Chiejina said: “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 will be in a position to formally withdraw the matter in court.”
