Green Energy International Limited and Lecoil Nigeria Limited have clarified their position in relation to recent media reports on a court case arising out of a commercial dispute with a service provider, stating that the issue is already subject to arbitration in line with the contractual agreements between the parties.
In a joint statement issued on Tuesday, February 17, 2026, both companies said that the dispute relates to a contractual claim that is currently being resolved through arbitration, as provided under the terms of their agreement with the service provider.
He clarified that the amounts referred to in some media reports are still undisputed and are still subject to review and audit as per the contractual arrangements between the parties. As such, the companies noted that the reported amounts are subject to determination by an arbitral tribunal.
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According to the statement, before the interim court application as reported in the media, both companies had initiated proceedings before the Federal High Court in case number FHC/L/CS/225/26. The filing included an application for an anti-suit injunction aimed at protecting the agreed arbitration process.
The companies disclosed that prior to the subsequent court proceedings referred to in media publications, processes had been duly filed and served on the service provider, H-PTP.
Green Energy and LECOIL Nigeria stressed that the matter is currently under active judicial and arbitral consideration, making it inappropriate to provide further comments at this stage.
Despite the ongoing controversy, the companies assured stakeholders that their operations will remain unaffected.
“Both Green Energy and Lecoil Nigeria continue to operate their assets safely and in full compliance with applicable regulatory and contractual obligations. There has been no disruption to operations,” the statement said.
They further reaffirmed their commitment to pursue their rights through appropriate legal and arbitral channels, and stated that they reserve the right to take action against any inaccurate or defamatory statements published in relation to the dispute.
The development comes amid increasing scrutiny within the oil and gas sector over contractual disputes and enforcement of arbitration clauses, with industry observers closely watching how courts balance ongoing arbitration proceedings with parallel judicial applications.
However, with both judicial and arbitral processes now underway, the final resolution of the matter will depend on the outcome of the related legal proceedings.
