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Firm tasks company to abide by arbitral award against it | The Guardian Nigeria News - Nigeria and World News

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The Societe Nationale Petroliere de Cote D’Ivoire (PETROCI), the national oil company of the francophone nation, has charged MRS Oil Nigeria Plc to abide by the terms of the arbitral awards in its favour.

The Director-General of PETROCI, Dr. Ibrahima Diaby, said PETROCI, which is the equivalent of Nigeria’s Nigerian National Petroleum Corporation and MRS, are in a dispute over the release of a final award/decision of an Arbitral Tribunal delivered on March 24, 2021 and June 21, 2021 respectively.

Diaby said security officials at the Civic Centre on Victoria Island, venue of the event, denied him and other representatives of the firm access, presumably on the orders of MRS. “We are writing to the Federal Government of Nigeria and Securities and Exchange Commission to help look into this unfortunate incident of our being locked out of the AGM. MRS is discouraging genuine investors who earnestly desire to explore investment opportunities in Nigeria,” he lamented.

 

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