• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, April 6, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

NEPZA responds to contempt proceedings against MD

NEPZA

The Matters Press by The Matters Press
June 12, 2023
Reading Time: 2 mins read
0
Transparency group commends NEPZA of its anti-corruption reforms

The Nigeria Export Processing Zones Authority (NEPZA) strongly refutes and deems unnecessary the contempt proceedings brought against its Managing Director, Prof. Adesoji Adesugba, by two oil firms operating in the Calabar Free Trade Zone at the Federal High Court in Calabar.

RELATED POSTS

TMSG to ADC: You are a motley crew of power mongers, palace jesters

NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity

Why Nigeria must use oil windfall to build a more resilient economy – IMPI

BB Energy Holding Mauritius Limited and Samon Petroleum Limited (Trading as Samon Petroleum FZE in receivership) initiated the contempt proceedings against the former directors – Samuel Okeke, Ogbonna Okeke, and Ifesinachi Okeke – as well as two NEPZA officers, Adesugba and Mrs. Nkechi Mbah.

The application was filed due to the alleged interference by the defendants with a Receiver-Manager, Tobenna Nnamani of Punuka Attorneys & Solicitors.

The Plaintiffs’ counsel, Adebanjo Adebusuyi, informed the court that the management of the Calabar Free Trade Zone, in violation of a status quo order made on March 16, 2023, purportedly expelled the workers engaged by the receiver-manager.

The court action pertains to the 1st Plaintiff’s contractual right to appoint a Receiver-Manager over an unpaid credit facility, involving the principal sum of $3,697,500 and accrued interest of $1,000,448 as of June 30, 2021.

However, NEPZA’s management has denied any knowledge of being a party to the lawsuit, subsequent to the issuance of the order.

Adesugba further clarified that the Authority has never taken any actions to undermine the court’s authority as the custodian of the country’s free trade zone scheme.

“As a lawyer with 34 years of experience, I am committed to upholding the court’s decisions in all matters. It is possible that the plaintiffs approached the court with an ex parte application without notifying the defendants, which may explain the simultaneous actions taken.

“NEPZA always encourages amicable resolutions of disputes among zone managements and enterprise owners before resorting to legal action.

“Since we have been dragged into this matter, we will take appropriate steps to provide legal representation. We hold utmost respect for all judicial proceedings and urge all parties involved to respect our courts and their decisions.

“At NEPZA, adherence to the rule of law is a cornerstone of our operations, and it serves as a significant factor in attracting investors to our free zones,” Adesugba said.

Tags: NEPZA
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

TMSG to ADC: You are a motley crew of power mongers, palace jesters
Economy/Technology

TMSG to ADC: You are a motley crew of power mongers, palace jesters

April 6, 2026
NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
Economy/Technology

NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity

April 3, 2026
Presidential aides hail IMPI’s boss, Akinsiju at 63, commend his role in advancing Nigeria’s reform.
Economy/Technology

Why Nigeria must use oil windfall to build a more resilient economy – IMPI

March 30, 2026
Tanzania, Australia firms sign $667m deal to mine rare earths
Economy/Technology

$1.3bn landmark FG/AFC Alumnia deal, transformative economic booster–TMV

March 7, 2026
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Injection of N98bn in 13,500 Centres will Boost Primary Healthcare Nationwide – Group

March 7, 2026
CAC, Pakistani investors on economic diversification
Economy/Technology

Progressivism: The Place of Ideology in Tinubu’s Management of Nigeria’s Economy

March 1, 2026
Next Post
Nigeria Air, co-owned with Ethiopia airlines moves in

Main issues, misconceptions on Nigeria Air – Sirika

July petrol pump price ranges between N140.80 and N143.80

Petrol sellers groan over sharp dip in patronage in Kano

Recommended Stories

Council seeks incentives to boost indigenous ship operations

5 vessels arrive at Lagos port with goods

May 7, 2023
N125bn MSMEs intervention: IT critical to ensuring transparency – ITSSP

DBN to disburse N150bn to MSMEs in 2023

September 11, 2023
Contractor vows to surmount challenges on AKK gas project

Nigeria inaugurates wheat cultivation, targets 1.25m tonnes yield

November 26, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • TMSG to ADC: You are a motley crew of power mongers, palace jesters
  • NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
  • Why Nigeria must use oil windfall to build a more resilient economy – IMPI

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us