ADVERTISEMENT
  • Privacy Policy
  • Terms
  • About us
  • Contact Us
Wednesday, September 27, 2023
  • 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

Oguta Lake will optimise Imo gas sector – Uzodimma

Nigeria declares Sept. 27 as public holiday for Eidel-Maulud:

NUEE urges minister to address problems in power sector

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

Nigeria, Equatorial Guinea in talks to boost gas production
Economy/Technology

Oguta Lake will optimise Imo gas sector – Uzodimma

September 26, 2023
Nigeria declares Wednesday, Thursday public holidays
Economy/Technology

Nigeria declares Sept. 27 as public holiday for Eidel-Maulud:

September 26, 2023
Strike puts Nigeria in darkness
Economy/Technology

NUEE urges minister to address problems in power sector

September 26, 2023
Senate probes $3.5b with NNPC
Economy/Technology

Cardoso faces Senate’s screening as CBN governor

September 26, 2023
Commission plans to liberate 38% illiterate Nigerians
Economy/Technology

Nigeria moves to embark on data harmonisation to end multiple ID registration

September 26, 2023
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

PTAD, NHIA collaborate to provide health insurance to pensioners

September 26, 2023
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

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Nigerian firms to handle $4b gas project

Local content in oil sector grows to 42%

April 28, 2022
Nigeria loses $25b to foreign ship owners

22 ships discharge goods in Lagos

February 8, 2022
74 die in Johannesburg fire, UN chief sad

74 die in Johannesburg fire, UN chief sad

September 2, 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
  • The Penis, its global culture

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

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

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

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Oguta Lake will optimise Imo gas sector – Uzodimma
  • Nigeria declares Sept. 27 as public holiday for Eidel-Maulud:
  • NUEE urges minister to address problems in power sector

Categories

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

© 2022 Domo Tech World - Powered by Thematterspress.

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

© 2022 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