• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, December 19, 2025
  • 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

‎IMPI Hinges 14% Year-End Inflation Forecast on Deep Analysis of Tinubu Reforms

Rescue of 100 abducted students shows Tinubu’s proven commitment to national security – TMSG

Disbursement of N4.7b TVET stipends, way to go in skill acquisition – TMV

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

NBS reports increase in Inflation
Economy/Technology

‎IMPI Hinges 14% Year-End Inflation Forecast on Deep Analysis of Tinubu Reforms

December 18, 2025
Gombe: Troops take over to enforce peace
News

Rescue of 100 abducted students shows Tinubu’s proven commitment to national security – TMSG

December 11, 2025
Nigerians kick against re-opening of schools as COVID-19 bites harder
Economy/Technology

Disbursement of N4.7b TVET stipends, way to go in skill acquisition – TMV

December 11, 2025
ECOFEST 2025: A facet of African cultural engineering showcased in the digital pavilions
Energy

ECOFEST 2025: A facet of African cultural engineering showcased in the digital pavilions

December 5, 2025
Restitution and Protection of Cultural Property: Felwine Sarr Calls for “Reimagining the African Museum”
Foreign

Restitution and Protection of Cultural Property: Felwine Sarr Calls for “Reimagining the African Museum”

December 5, 2025
ECOFEST 2025: Addressing Key Challenges to Artistic Mobility within the Region
Foreign

ECOFEST 2025: Addressing Key Challenges to Artistic Mobility within the Region

December 4, 2025
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

Fair exhibitors adopt strategies to boost sales

Kaduna fair for improvement of trade, investment

February 28, 2022
Nigeria desires to bridge infrastructure gap through PPP – Shettima

Nigeria desires to bridge infrastructure gap through PPP – Shettima

November 17, 2023
Nigeria has not taken decision yet on fuel subsidy

No fuel subsidy removal

August 1, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    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
  • 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

  • ‎IMPI Hinges 14% Year-End Inflation Forecast on Deep Analysis of Tinubu Reforms
  • Rescue of 100 abducted students shows Tinubu’s proven commitment to national security – TMSG
  • Disbursement of N4.7b TVET stipends, way to go in skill acquisition – TMV

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