DPR reiterates zero tolerance to infractions, lifts Petrocam’s sanctions
The Department of Petroleum Resources (DPR), yesterday, reiterated its stance about non-tolerance of acts of infractions from licensed operators, even as it lifted the sanctions meted on a downstream marketing company, Petrocam Trading Nig. Ltd., for violating the agency’s rules and regulations.
Bank loses suit against firm
A Federal High Court, Lagos has dismissed a suit by Union Bank seeking to recover an alleged debt from a multinational firm, Petrocam Trading Nigeria Limited. Justice I. N. Oweibo, in a suit marked FHC/L/CS/383/2018 held that the bank’s suit was an abuse of court process. Petrocam Trading Nig Ltd, Mr Patrick Ilo and…