ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, September 19, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Oil Firm Withdraws Winding-Up Petition Against BRT Operators

by Olugbenga Soyele
3 years ago
in News, Business
BRT
Share on WhatsAppShare on FacebookShare on XTelegram

Justice Ambrose Lewis Allagoa of the Federal High Court in Lagos has struck out a winding-up petition filed by a petroleum marketing company, Petrocam Trading Nigeria Limited against the operators of the Lagos’ Rapid Bus Transport (BRT) Primero Transport Service Limited.

 

Advertisement

Petrocam Trading Nigeria had asked the court to wind up the transportation company over its alleged inability to pay N63, 466 million debt.

 

But at the resumed hearing of the matter last week, the petroleum marketing company urged the court to strike out the petition following an out of court settlement agreement entered into by the two companies.

 

Related News

Useni’s Fight For London House From The Grave Shames Us

1 hour ago

Niger, Benue Rivers At Peak Levels – Agency

1 hour ago

The petitioner lawyer, Kazeem Afolabi, informed the court that he has filed a notice of discontinuance of the suit, on the ground that parties have reached ‘settlement’.

 

He therefore urged the court to strike out the winding-Up suit.

After listening to the lawyer, Justice Lewis-Allagoa struck out the suit.

 

The petitioner had asked the court to declare Primero insolvent in a Winding-Up Petition marked FHC/L/CP/1702/20, filed in pursuant to Order 19, Rule 1, of the Company Winding-Up Rules 2001, and under the Court’s inherent jurisdiction.

 

The petitioner was seeking the leave of the court to advertise the petition in the Gazette and in a national newspaper.

 

Petrocam in its Verifying Affidavit in support of the petition and deposed to by its Financial Manager, Taiwo Abiodun, stated that sometime between the months of January, 2019 and January, 2020, upon the request of the respondent, the Petitioner made a Supply of automated gas oil, lubricant oil and gear oil worth the sum of N174, 046, million.

 

Abiodun claimed that the supply was made on credit on the agreement that the Respondent will pay N10 million, as advanced payment before the delivery and balance payment 30 days after invoice date.

 

 

The Financial Manager stated that Petrocam supplied the Automated Gas Oil as agreed however, contrary to the agreement of the parties, the Primero failed to make payment to the Petitioner.

Join Our WhatsApp Channel

Tags: BRT
SendShare10181Tweet6363Share

Other News Updates

Backpage

Useni’s Fight For London House From The Grave Shames Us

2025/09/19
News

Niger, Benue Rivers At Peak Levels – Agency

2025/09/19
News

Governor Alia’s Aide, One Other Missing

2025/09/19
News

Economic Council Endorses NASENI’s Solar Irrigation Pumps

2025/09/19
News

FG Moves To Curtail Tanker, Road Accidents

2025/09/19
News

Enugu To Generate 1,000MW Of Energy From Coal – Governor

2025/09/19
Leadership Conference advertisement

LATEST

Nigeria And The Global Teacher Shortage Crisis

Useni’s Fight For London House From The Grave Shames Us

Niger, Benue Rivers At Peak Levels – Agency

Governor Alia’s Aide, One Other Missing

Economic Council Endorses NASENI’s Solar Irrigation Pumps

FG Moves To Curtail Tanker, Road Accidents

Enugu To Generate 1,000MW Of Energy From Coal – Governor

Edo Leaders Want Transparency In Ossiomo Power Deals

Court Stops Edo Electoral Commission, Govt From Conducting By-elections

Rivers: Fubara Not Seen In Public, Assembly Resolves To Probe Ibas

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.