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GREEN ENERGY, LEKOIL JV DEBUNK MEDIA REPORTS OVER COMMERCIAL DISPUTE WITH SERVICE PROVIDER
“…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….”
The authorities of Green Energy International Limited and LEKOIL JV has debunked a media report concerning a legal matter arising from a commercial dispute with a service provider.
This was contained in a statement made public on the official social media platforms of Green Energy International Limited and propelled by the Director of Legal and Corporate Services, Prince Segun Ilori and also made available to newsmen.
In his words, “Green Energy International Limited and Lekoil Nigeria Limited are aware of recent media reports concerning a court matter arising from a commercial dispute with a service provider”.
“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”.
Ilori said “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”, the Director of Legal and Corporate Services stressed.
“Further updates will be provided where necessary’, Prince Ilori added.
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