Dangote Plant and Dantata & Sawoe Debt Settlement Timeline

Tuesday, 24 September 2024, 09:43

Dangote Plant news reveals that Dantata & Sawoe Construction has been granted thirty days to resolve a $1.2 million debt issue with Zutari Consulting. This extension follows a court ruling where ongoing debts related to the Dangote Fertilizer Plant were discussed. The case continues as legal motions unfold within this timeframe.
Nairametrics
Dangote Plant and Dantata & Sawoe Debt Settlement Timeline

Background on the Dangote Plant Case

The Federal High Court sitting in Abuja has granted Dantata & Sawoe Construction Company Limited a thirty-day extension to settle issues concerning the alleged $1,257,592.83 debt owed to Zutari Consulting Nigeria Ltd following subcontract work on the Dangote Fertilizer Plant project in Lekki, Lagos, Nigeria. Justice Inyang Ekwo adjourned the case for a report on the settlement on Tuesday, months after he approved the placement of a winding-up petition advertisement against Dantata in a motion on notice filed by Zutari Consulting Nigeria Ltd (the petitioner) in Suit No: FHC/ABJ/PET/3/2023.

Petitioner’s Claims and Legal Proceedings

  • The petitioner, involved in engineering designs, consulting, and supervision of engineering works, claims Dantata & Sawoe is liable for:
    1. $1,257,592.83
    2. ZAR 2,136,623.39
    3. £4,364.38

The case has escalated due to Dantata's failure to pay, prompting the petitioner to seek arbitration from the International Chamber of Commerce. The arbitration tribunal in London ruled in favor of the petitioner on April 7, 2021, determining the respondent owed the debts.

Recent Court Developments

The petitioner filed a motion for the court's permission to issue a wind-up petition advertisement, which the court approved, indicating Dantata’s indebtedness. Dantata’s legal team challenged the claims, asserting that the conditions for such actions were unfounded and highlighting previous payments for contracted work. The case, pivotal for both parties, is seeking an amicable resolution within the allotted thirty days.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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