Monrovia – Eco Fuel FZE which accused SRIMEX Oil and Gas of hijacking its petroleum storage terminal at the Free Port of Monrovia has been ordered evicted from the premises by the Supreme Court. This was despite a court order declaring that the site is not to be operated, Eco Fuel alleged. Eco Fuel, in its response to the suit, acknowledges the NPA Lease between Srimex and NPA, but states that Srimex subsequently transferred the NPA Lease to Eco Fuel by way of an Assignment of Lease by Novation (Novation and Substitution Agreement) between Srimex and Eco Fuel, as well as the NPA and the Liberia Petroleum Refining Company (LPRC). The NPA have filed an affidavit in response to the Srimex Suit, confirming the statement of Eco Fuel that Srimex assigned by novation all its rights and interest under the NPA lease to Eco Fuel. Copies of the Novation Agreement have been provided to the court and were put in records of the suit by both Eco Fuel and the NPA.

Source: Front Page Africa March 29, 2021 08:15 UTC