Rainoil decries invasion of Lekki outlet

The management of Rainoil Ltd has decried the recent invasion of its retail station at Admiralty Way, Lekki I.

In a statement, the company said the invasion was by officials of Quest Petroleum Limited, purported owners of Ascon Oil Limited, accompanied by security agents in line with a Federal High Court Ikoyi ruling since July 2020.

• Flights may be disrupted as FG alerts Nigerians of heavy rainfall
• PODCAST: All You Need To About PIB Law

Condemning the act, Rain Oil said: “The ruling referenced was delivered in 2020 and was not in favour of Ascon Oil. The ruling delivered by Justice Liman J. in the case reaffirmed the power of the receiver as appointed by Stanbic IBTC Bank. Dissatisfied with the ruling of Justice Liman on 24th July 2020, which was not in their favour, Ascon Oil went on to appeal the ruling at the Court of Appeal. The matter remains at the Appeal Court.

“We then wonder how Ascon Oil can return a year afterwards to execute a judgment which was not in their favour and for which they have gone to the Court of Appeal,” it noted.

It noted that the firm is seeking ways of resolving the issue pending before a law court.

Reacting, Quest Petroleum, said it only reclaimed the filling station in line with the earlier Order of Justice Liman of the Federal High Court in Lagos setting aside a previous Order restraining Ascon from interfering with the activities of the Receiver, Olawale Akoni.

“Hitherto, the retail station was illegally possessed and operated by Rain Oil Limited.”