News
Court orders NMDPRA to issue fuel import licences to Matrix, AA Rano, AYM Shafa
The Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue issuing and renewing petroleum products import licences to three major oil marketers.
The court ruled that the regulator’s refusal to do so violates the Petroleum Industry Act (PIA).
Justice Inyang Ekwo delivered the judgement Monday. The judge reportedly ruled that the authority’s refusal to grant or renew import licences for Matrix Energy, AA Rano and AYM Shafa was in “direct non-compliance” with the PIA, Nairametrics reported.
It said the judge specifically directed the regulator to continue granting, issuing, extending, renewing or reissuing licences, permits and authorisations for midstream and downstream petroleum operations, particularly the importation of petroleum products, once the companies meet all statutory and regulatory requirements.
The judgement followed a suit filed in June by the three oil marketers challenging the NMDPRA’s refusal to regularly issue or renew their petroleum products import licences.
The companies, through their lawyers, Raji Ahmed, a Senior Advocate of Nigeria, and Chris Ekemezie, argued that the PIA does not prohibit the importation of petroleum products into Nigeria or prevent the regulator from issuing licences to eligible importers.
Delivering judgement on Monday, Ekwo held that the NMDPRA’s refusal to issue and renew the licences was inconsistent with the provisions of the PIA and that the authority had acted beyond the limits of the law.
He ruled that any exercise of regulatory powers relating to import licences in violation of the PIA and other relevant laws was “null and void.”
Oil Marketers Slash Petrol Price to ₦1,350/Litre as Depot Rates Fall
Man City should be relegated to League Two, handed six-year transfer ban âFormer England footballer Darren Bent (Video)
SERAP Gives CBN 7 Days to Explain Missing $6.23m Election Funds, ₦1.63trn Loans
2027: El-Rufai Political Prisoner, Release Him if He Poses No Threat – Phrank Shaibu
UEFA Nations League: Cristiano Ronaldo may no longer start every match â Portugal head coach Jorge Jesus
Classic Magazine publisher, Agwazim congratulates Olukayode Salako over appointment to Lagos APC guber campaign council
Fuel price: Tinubu’s N70,000 minimum wage can only buy 50 litres of petrol – Atiku
Police Arrest Two Suspected Kidnappers in Oyo
-
Breaking2 days agoOil Marketers Slash Petrol Price to ₦1,350/Litre as Depot Rates Fall
- Special Reports2 days ago
Man City should be relegated to League Two, handed six-year transfer ban âFormer England footballer Darren Bent (Video)
- Breaking2 days ago
SERAP Gives CBN 7 Days to Explain Missing $6.23m Election Funds, ₦1.63trn Loans
- Breaking2 days ago
2027: El-Rufai Political Prisoner, Release Him if He Poses No Threat – Phrank Shaibu
