Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » AMCON vacates Capital Oil premises

    AMCON vacates Capital Oil premises

    December 21, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    21 December 2012, Sweetcrude, Lagos – Finally, the Asset Management Corporation of Nigeria, AMCON, has withdrawn from the premises of Capital Oil and Gas Limited.

    The corporation decided to vacate the premises of the oil firm owing to overriding public interest, the managing director of AMCON, Mr Mustafa Chike-Obi,  said in a statement.

    Capital Oil had on Tuesday raised the alarm that AMCON had refused vacate its promises despite the order of an Abuja high court to that effect.

    Chike-Obi added that AMCON would allow Capital Oil resume operations to allow for more fuel supply ahead of the Christmas and New Year holidays.

    Capital Oil and AMCON have been embroiled in a legal battle over unpaid debt to AMCON which the corporation says is worth N65 billion.

    Recently, a high court in Abuja ordered AMCON to vacate the premises of Capital Oil, but the order was immediately appealed by the AMCON and it maintained
    its presence at the oil firm’s premises.

    Related News

    Oando appoints Ayotola Jagun as Executive Director

    Recovered funds boost student loans, credit access for civil servants – EFCC

    TotalEnergies looks to sell 50% stake in renewables assets in U.S., Spain

    E-book
    Resilience Exhibition

    Latest News

    Oil prices climb to 2-month high on US-China trade deal, worries about Iran supply

    June 11, 2025

    Kenya central bank lowers 2026 growth forecast to 5.4%

    June 11, 2025

    Nigeria partners Brazil to develop methanol complex 

    June 11, 2025

    FG to train 100,000 youths annually in forex trading

    June 11, 2025

    China, Africa ask US to return to ‘right track’ on trade differences

    June 11, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.