By Ono Yima
Three oil marketers have requested that the Federal High Court in Abuja dismiss a lawsuit filed by Dangote Petroleum Refinery and Petrochemicals, arguing that granting the refinery’s claims would harm Nigeria’s oil sector. In a counter affidavit (FHC/ABJ/CS/1324/2024) submitted to Justice Inyang Ekwo, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited warned that Dangote’s push to monopolize the industry is “a recipe for disaster,” and would increase fuel prices, strain the economy, and endanger energy security.
The case originates from a suit by Dangote Refinery against the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Nigerian National Petroleum Corporation Limited (NNPCL), among others, alleging NMDPRA violated the Petroleum Industry Act (PIA) by issuing import licenses without a supply shortfall. Dangote contends that these licenses should only be granted under such circumstances, aiming to restrict import licenses and encourage local refineries.
The marketers, however, argue they are legally entitled to these licenses, asserting they fully meet PIA requirements. They warned that allowing Dangote Refinery to control the market would eliminate competition and make Nigeria dependent on a single supplier, which could lead to “untold hardship on Nigerians.” They stated, “If Nigeria puts all her energy eggs in one basket… prices of petroleum products will continue to rise, and energy security will elude Nigeria.”
They further emphasized that the import licenses issued to them by NMDPRA are compliant with the PIA and other laws, and do not obstruct Dangote’s business operations.
Justice Ekwo has scheduled January 20, 2025, for a report on settlement or further proceedings.
Source: NAN
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