The Asset Management Corporation of Nigeria (AMCON) has denied the alleged takeover of Heyden Petroleum Limited over debt.<\/p>\n
AMCON, in a statement by Jude Nwauzor, Head of Corporate Communications, said Heyden Petroleum Limited has amicably settled all issues and demonstrated commitment to meeting their obligations and has been making payments accordingly.<\/p>\n
The corporation noted that it has formally discontinued its pending litigation against Heyden Petroleum Limited in suit no. FHC\/AMC\/67\/2024.<\/p>\n
AMCON said that although it was not the practice of the corporation to engage in a media trial of obligators who are meeting their obligation, but it became pertinent to sensitize members of the public about the negative insinuation between AMCON and Heyden Petroleum Limited.<\/p>\n
Meanwhile, Heyden Petroleum has described as misleading and detrimental a media report the purported takeover of the Petroleum company by AMCON.<\/p>\n
The Petroleum company said it enjoyed a robust, healthy and subsisting relationship with AMCON, stressing that it is in full control of its assets and operations.<\/p>\n
Heyden noted that, as an entity, it is financially stable to meet and discharge all its obligations to her customers and creditors.