Dangote mentioned that they have decided to pause the legal proceedings against NNPCL and others, and they will be ready to officially withdraw the case from court.

In a statement issued by Anthony Chiejina,

Group Chief Branding and Communications Officer

The statement reads: “This is an old issue that started in June and culmunated in a matter being filed on September 6, 2024

Currently, the parties are in discussion since the President Bola Tinubu's directive on Crude Oil and Refined products sales in Naira Initiative, which was approved by the Federal Executive Council (FEC).

“We have made tremendous progress in that regard and events have overtaken this development. 

“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.

“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 January 2025, we would be in a position to formally withdraw the matter in court.”