…insists operations not disrupted
BY SAM OTUONYE
Green Energy International Limited and Lekoil Nigeria Limited have decried some inappropriate media reports concerning transactions with one of their service providers, cautioning that the matter is still sub judice.
In a statement by the oil firms, the commercial dispute between them and H-PTP, a service provider, is a contractual claim which is subject to dispute resolution through arbitration in accordance with the parties’ agreement hence, should be approached with necessary caution.
The statement said: “The issue relates to a contractual claim which is subject to dispute resolution through arbitration in accordance with the parties’ agreement. Consequently, the underlying dispute is properly before an arbitral tribunal, and the sums referenced in certain reports are unliquidated, as they remain under review and audit pursuant to the parties’ contractual arrangements.
“Prior to the reported interim application, Green Energy and Lekoil Nigeria had already commenced proceedings before the Federal High Court in Suit No. FHC/L/CS/225/26, dated 6 Feb 2026 including an application for an anti-suit injunction to protect the agreed arbitration process. These processes were duly filed and served on H-PTP before the subsequent court proceedings referenced in media reports.
“As the matter is under active judicial and arbitral consideration, it would be inappropriate to comment further at this stage. Both Green Energy and Lekoil Nigeria continue to operate their assets safely and in full compliance with applicable regulatory and contractual obligations. There has been no disruption to operations.
“Green Energy and Lekoil Nigeria will vigorously pursue their rights through the appropriate legal and arbitral processes. The companies also reserve all rights in respect of any inaccurate or defamatory statements published in connection with this matter.”
