BREAKING: Court orders NMDPRA to keep granting fuel import licences to Matrix, AA Rano, AYM
The Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue granting petroleum products import licences to Matrix Energy, AA Rano and AYM Shafa. Justice Inyang Ekwo gave the order on Monday while delivering judgment in a suit filed by the three oil marketers against the regulatory […] BREAKING: Court orders NMDPRA to keep…
On Monday, the Federal High Court in Abuja ruled that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) must continue granting fuel import licences to Matrix Energy, AA Rano, and AYM Shafa. The court found that the NMDPRA's refusal to issue or renew these licences violated the Petroleum Industry Act (PIA) of 2021.
The plaintiffs, Matrix Energy, AA Rano, and AYM Shafa, argued that the PIA does not prevent the importation of petroleum products or prevent the NMDPRA from granting or renewing licences. Justice Inyang Ekwo agreed, stating that the NMDPRA's actions were "in direct non-compliance with the PIA" and "null and void." The court has declared that the NMDPRA must promote competition in the midstream and downstream petroleum sector and prevent abuse of dominant positions and restrictive business practices.
If the companies meet the conditions set by the NMDPRA, they will be entitled to the issuance, extension, or renewal of petrol product import licences.
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