This, it said, was in fulfilment of its determination to secure food safety by providing quality products for the convenience of the Nigerian consumer market.
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This was disclosed in a statement by the Company Secretary of Honeywell, Yewande Giwa, on Sunday.
The Managing Director of the firm, Simon Travers, made the allegation when the House of Representatives Committee on Privatisation and Commercialisation visited the JPS facility in Lagos on Thursday to intervene in the face-off between the two companies
According to him, the applicant knew that the respondent was challenging the alleged debt and had instituted a matter before Justice Mohammed Idris of the same court, who had ruled that parties must maintain status quo
Otudeko pointed out that the numerous challenges faced by the Nigerian economy in 2012 included the decline in the real growth rates of economic activity in both oil and non-oil sectors.
Nigeria, according to him, produced less than 2.37 million barrels per day during the first half of the year while the non-oil sector was affected by incidents such as flooding.