Mohammed Shosanya
The Asset Management Corporation of Nigeria (AMCON) says it has discontinued its pending litigation against Heyden Petroleum Limited, particularly Suit No. FHC/AMC/67/2024.
The agency also said it’s not in dispute with the petroleum company.
The act was sequel to the settlement of all issues between the agency and the petroleum company owned by the governor of Ogun State,Dapo Abiodun.
In a statement,the agency said the company has demonstrated commitment to meeting their obligations and has been making payments accordingly.
It added:”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”.