AMNI clarifies misreporting of court order in Cenroc dispute

AMNI International Petroleum Development Company Limited (AMNI) has clarified recent media reports suggesting that a Receiver-Manager has been appointed over the company, calling such reports inaccurate and misleading.

According to AMNI, the Federal High Court order in question does not appoint a Receiver-Manager over the company.

Instead, the order involves a limited appointment of an Administrator for specific purposes related to an alleged indebtedness.

Any claim that full managerial control of AMNI has passed to a third party is incorrect.

The company noted that the scope, validity, and effect of the appointment are currently under appellate review.

AMNI has filed appeals, including applications for a stay of execution and injunctive relief before the Court of Appeal, all of which remain pending.

The company emphasized that public statements implying finality or control are premature and risk creating a misleading impression.

The dispute arises from commercial transactions that AMNI is actively contesting, including issues related to corporate authority and prior approvals.

The company stressed that these matters are part of the substantive questions now before the appellate court.

For clarity, AMNI highlighted that an appeal has been filed, applications for stay of execution and injunctive relief are pending, the legal validity of the appointment is actively challenged, and allegations concerning unauthorized approvals and corporate authority are being contested.

AMNI reaffirmed that it continues to operate normally and remains fully committed to its regulatory, contractual, and operational obligations.

Stakeholders are reminded that the matter is sub judice and subject to final judicial determination.

The company will take all lawful steps necessary to protect its rights and assets pending resolution of the appellate proceedings.