This was contained in a statement by Jude Nwauzor, AMCON Head of Corporate Communications.
According to the statement, AMCON and Heyden Petroleum Limited have settled all issues between them amicably, and Heyden Petroleum has demonstrated commitment to meeting their obligations and has been making payments accordingly.
Read the full statement below:
“Our attention has been drawn to a publication in the media regarding to the pending litigation between the Asset Management Corporation of Nigeria (AMCON) and Heyden Petroleum Limited.
“We hereby notify the general public that AMCON and Heyden Petroleum Limited have settled all issues between them amicably, and Heyden Petroleum Limited has demonstrated commitment to meeting their obligations and has been making payments accordingly.
“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.”
Tinubu has congratulated US president-elect Trump. Glamtush reports that President Bola Tinubu has extended…
World leaders raced to praise Donald Trump as he claimed a stunning US election victory…
Donald Trump claimed victory and pledged to “heal” the country Wednesday as results put him…
Equatorial Guinea has installed CCTV in offices and suspended officials over sex tapes. Glamtush reports that the…
Chief of Army Staff Lagbaja is dead. Glamtush reports that the Chief of Army…
The Reps Committee on Finance has disclosed that they are satisfied with the progress at…