[Press Release] Our attention has been drawn to a publication in the media regarding the pending litigation between the Asset Management Corporation of Nigeria (AMCON) and Heyden Petroleum Limited.
We hereby notify the 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 public is urged to disregard any negative commentaries on the relationship between AMCON and Heyden Petroleum Limited.
FOR ASSET MANAGEMENT CORPORATION OF NIGERIA
Jude Nwauzor
Head, Corporate Communications
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