Finance

Oil and Gas FZEs seek judicial intervention to regulate operations

The oil and gas free zones firms had alleged attempt by Oil and Gas Free Zones Authority (OGFZA) to regulate the oil and gas operations within Snake

The oil and gas free zones firms had alleged attempt by Oil and Gas Free Zones Authority (OGFZA) to regulate the oil and gas operations within Snake Island Integrated Free Zone (SIIFZ).

They described the defendant’s plan to assume total control of space as “contemptuous’’.

To the effect, Nigerdock Nigeria Plc, Simco Freezone Company and Nigerdock Nigeria Plc-FZE in 2016 dragged OGFZA before the Federal High Court in Lagos.

The rest defendants in the suit are the Attorney-General of the Federation and the Minister of Industry, Trade and Investment.

The Counsel to the plaintiff, Mr Qudus Mumumey, in telephone interview in Abuja on Monday said that the last time the suit came up in court was on the Feb. 26 adding that the suit was fixed for June 1, 2020 for definite hearing before Justice Chukwujekwu Aneke.

Mumumey also said that all the defendants in the suit were aware of the pendency of the suit having filed their responses and represented in court by the counsel.

“In the light of the foregoing, the current letter from the Ministry of Industry, Trade and Investment is contemptuous, abusive, oppressive and a clear attempt to undermine the authority of the Honourable Court’’, Mumumey said.


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