Green Energy International Limited and Lekoil Nigeria Limited have declined to speak on the commercial dispute between them their service provider, H-PTP.
They said even though they are aware of the recent media reports concerning a court matter arising from a commercial dispute with the service provider, they would not speak on it because the matter is under active judicial and arbitral consideration.
Recall that a Federal High Court in Lagos recently appointed an interim administrator for Green Energy International Ltd and Lekoil Oil and Gas Investments Ltd (a subsidiary of Lekoil Nigeria) due to an alleged failure to pay a $25.5 million debt owed to the service provider, H-PTL.
The court order, effective as of February 2026, involves the appointment of Mr. Chimezie Victor C. Ihekweazu SAN to oversee assets related to this commercial dispute.
However, in a statement made available to journalists on Tuesday, the Companies said the contractual claim was subject to dispute resolution through arbitration in accordance with the parties’ agreement. Consequently, the underlying dispute was properly before an arbitral tribunal, and the sums referenced in certain reports are unliquidated, as they remain under review and audit pursuant to the parties’ contractual arrangements.
They explained that prior to the reported interim application, Green Energy and Lekoil Nigeria had already commenced proceedings before the Federal High Court in Suit No. FHC/L/CS/225/26, dated 6 Feb 2026 including an application for an anti-suit injunction to protect the agreed arbitration process.
Noting that these processes were duly filed and served on H-PTP before the subsequent court proceedings referenced in the media reports.
“As the matter is under active judicial and arbitral consideration, it would be inappropriate to comment further at this stage.
“Both Green Energy and Lekoil Nigeria continue to operate their assets safely and in full compliance with applicable regulatory and contractual obligations. There has been no disruption to operations.
“Green Energy and Lekoil Nigeria will vigorously pursue their rights through the appropriate legal and arbitral processes.
“The companies also reserve all rights in respect of any inaccurate or defamatory statements published in connection with this matter,” the statement said.
