A Nigerian citizen, Targema Steve, has filed a lawsuit at the Federal High Court in Lagos, requesting the court to dissolve the merger between NNPC Retail Limited, Nueoil Energy Limited, and OVH Energy Marketing Limited.
Mr Steve argued that the deal violates regulatory laws and undermines national interest.
In August, PREMIUM TIMES reported how a court ruling had effectively dissolved the downstream arm of the Nigerian National Petroleum Company Limited (NNPC Retail) and transferred its ownership to OVH Energy Marketing Limited.
