Expdonaloaded News; Amended bill: Court restrains Jonathan from signing Oil/Gas Act

Justice Saliu Saidu of the Federal High Court sitting in Lagos yesterday restrained President Goodluck Jonathan from assenting to the bill for an amendment of the Oil and Gas Export Free Zone Act.

The verdict was sequel to a motion ex-parte, filed in a suit number FHC/L/CS/719/15 before the court by Prof. Olanrewaju Fagboungbe, on behalf of Nigerdock Nigeria Limited, Simco Free Zone Company and Nigerdock Nigeria Plc-FZE. The court also restrained the National Assembly, the clerk of the National Assembly, the Attorney General of the Federation, the Minister of Industry, Trade and Investment, the Minister of Transport, and the Nigeria Ports Authority..post by expdonaloaded.blogspot.com..In an affidavit sworn to by Yussufu Abdulahi, a director in Simco Free Zone Company, the deponent averred that Nigerdock Nigeria Limited was a promoter of Snake Island Integrated Free Zone (SIIFZ), and that the Simco was a company saddled with the responsibility to develop, market, manage, operate and administer SIIFZ.
The deponent also averred that SIIFZ, which was approved by a presidential declaration in January 2005 and duly licensed by the Nigeria Export Processing Zones Authority (NEPZA) in April 2005, adding that SIIFZ was operated by Simco Free Zone Company, under the direct supervision and monitoring of NEPZA.
He stated that other regulatory agencies such as Nigeria Ports Authority, Nigerian Customs Service, the Nigerian Immigration Service, the Nigeria Police and the State Security Service, were present within SIIFZ to ensure due compliance with all laws and that appropriate security was maintained.