Home Business Energy AMCON Is Not In Dispute With Hayden Petroleum, Withdraws Pending Litigation
Energy

AMCON Is Not In Dispute With Hayden Petroleum, Withdraws Pending Litigation

Share
Share

BY NKECHI NAECHE– ESEZOBOR— Asset Management Corporation of Nigeria (AMCON) and Heyden Petroleum Limited has clarified that it is not in dispute with Heyden Petroleum.

The Corporation disclosed this in a statement to BusinessTodayNG that both parties have settled all issues between them amicably.

It added that the Petroleum company has demonstrated commitment to meeting their obligations and has been making payments accordingly.

The statement added that “Given this latest development, AMCON has formally discontinued its pending litigation against Heyden Petroleum Limited, particularly Suit No. FHC/AMC/67/2024.

“As a responsible debt recovery agency of the Federal Government of Nigeria, it is not the practice of AMCON to engage in a media trial of obligors who are meeting their obligation.

“Accordingly, the general public is urged to disregard any negative commentaries on the relationship between AMCON and Heyden” Petroleum Limited.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Tinubu Appoints Olusegun Omosehin, Three Others For NCDMB Governing Council

President Bola Tinubu has approved the nomination of four new members to...

NCDMB Acquires 20% Equity Stake In 100kbpd Refinery Project

The Nigerian Content Development and Monitoring Board (NCDMB) has acquired 20% equity...

Seplat Energy’s Revenue Rises To N1.652tn In 2024FY

* As Operating Profit Hits N647.9bn   Seplat Energy PLC, listed on...

NCDMB Seeks Africa-wide Local Content Framework To Leverage Collective Strengths For Mutual Prosperity

…Executive Orders lead to 4 FIDS The Executive Secretary of the Nigerian...