AMCON Clarifies Resolution With Heyden Petroleum

FCT, ABUJA, NIGERIA – The Asset Management Corporation of Nigeria (AMCON) has confirmed that all issues between it and Heyden Petroleum Limited have been resolved amicably.

In an official statement issued by Jude Nwauzor, Head of Corporate Communications at AMCON, the corporation stated that Heyden Petroleum has shown a strong commitment to fulfilling its financial obligations and has been consistently making payments as agreed.

The release further clarified that AMCON had been made aware of recent media reports suggesting ongoing litigation between the two parties. It emphasized that there was no dispute and that the matter had been fully settled.

“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.”