Photo caption: Justice symbol
Green Energy International Limited and Lekoil Nigeria Limited have confirmed there is a commercial dispute they have with a service provider, according to reports in the media, but would not comment on the matter as it is before a court of law and arbitral tribunal.
In joint statement made available to the media, Green Energy International Limited and Lekoil Nigeria Limited said they are aware of recent media reports concerning a court matter arising from a commercial dispute with a service provider.
“The issue relates to a contractual claim which is subject to dispute resolution through arbitration in accordance with the parties’ agreement. Consequently, the underlying dispute is properly before an arbitral tribunal, and the sums referenced in certain reports are unliquidated, as they remain under review and audit pursuant to the parties’ contractual arrangements.
“Prior to the reported interim application, Green Energy and Lekoil Nigeria had already commenced proceedings before the Federal High Court in Suit No. FHC/L/CS/225/26, including an application for an anti-suit injunction to protect the agreed arbitration process. These processes were duly filed and served on H-PTP before the subsequent court proceedings referenced in media reports.
“As the matter is under active judicial and arbitral consideration, it would be inappropriate to comment further at this stage.
“Both Green Energy and Lekoil Nigeria continue to operate their assets safely and in full compliance with applicable regulatory and contractual obligations. There has been no disruption to operations.
“Green Energy and Lekoil Nigeria will vigorously pursue their rights through the appropriate legal and arbitral processes. The companies also reserve all rights in respect of any inaccurate or defamatory statements published in connection with this matter.”
