The Nigerian National Petroleum Company Limited (NNPC) has filed a motion in the High Court of the Federal Capital Territory (FCT) in Abuja to discontinue lawsuit against the sale of $1.2 billion assets belonging to Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Offshore Limited.
NNPC’s legal counsel, Afe Babalola & Co., presented the motion marked FCT/HC/BW/173/2022), requesting the court’s permission to withdraw the suit.
The company also requested the permission to strike the suit off the court’s cause list, with a provision to relist it if the settlement process fails.
