The Federal High Court sitting in Abuja has struck out a suit by Kaztec Engineering Ltd over oil mining licences.
Justice N.E. Maha on Friday struck out Kaztec Engineering Ltd’s lawsuit challenging the Nigerian National Petroleum Company Limited (NNPCL) statutory concession for OMLs 123, 124, 126, and 137.
The judge described the suit as incompetent.
The judgment gives the Federal Government and the NNPCL favourable position over oil mining leases formerly operated by ADDAX.
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Kaztec Ltd had instituted the suit against the Federal Ministry of Petroleum Resources, the NNPCL and others, seeking a declaration that the award of OMLs 123, 124, 126, and 137 to them dated to as far back as 2002 .
In its judgment, the court held that Kaztec lacked merit, primarily due to its failure to fulfill the essential requirements of paying the signature bonuses for the award with the stipulated timelines.
The court held that the bonus, being a condition precedent to the award of OMLs 123, 124, 126, and 137, rendered Kaztec’s suit frivolous in law.
The court held that the company failed to join necessary parties to the suit, noting that the omission led to the court to rule that the suit constituted an abuse of the court processes.
The judge struck out the suit for being incompetent.
Earlier, the counsel for the NNPCL, Mr Kehinde Ogunwumiju (SAN) and other defendants had challenged the jurisdiction of the court to determine the suit.
