AMCON denies dispute with Heyden Petroleum, says all issues settled
Following publication in the media regarding pending litigation between Asset Management Corporation of Nigeria (AMCON) and Heyden Petroleum Limited, the authorities of AMCON have refuted the publication, saying it doesn’t portray the real situation. It is therefore stated in its clarification that AMCON and Heyden Petroleum have settled all issues between them amicably. It added that Heyden Petroleum has demonstrated commitment to meeting their obligations and has been making payments accordingly.
Below is the statement as released by AMCON and signed by its Head of Corporate Communication, Jude Uwauzor:
AMCON IS NOT IN DISPUTE WITH HEYDEN PETROLEUM
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.
