The Asset Management Corporation of Nigeria (AMCON) has firmly denied rumors of a takeover of Heyden Petroleum Limited over alleged debt issues.
In response to recent media reports, AMCON clarified that Heyden Petroleum has been meeting its financial obligations, and any unresolved matters have been amicably settled.
In a statement issued by Jude Nwauzor, AMCON’s Head of Corporate Communications, the corporation emphasized that Heyden Petroleum has demonstrated a strong commitment to honoring its debt responsibilities, with payments made in accordance with the agreed terms.
“Heyden Petroleum Limited has amicably settled all issues and demonstrated commitment to meeting their obligations,” Nwauzor stated, dispelling any notion of a hostile takeover.
Furthermore, AMCON confirmed that it had formally discontinued its litigation against Heyden Petroleum in the case numbered FHC/AMC/67/2024.
According to AMCON, the decision reflects the corporation’s satisfaction with the ongoing debt resolution process and Heyden Petroleum’s proactive efforts.
While AMCON noted that it typically refrains from engaging in public discussions regarding companies fulfilling their obligations, it explained that this clarification was necessary to address “negative insinuations” about its relationship with Heyden Petroleum.
The corporation underscored its commitment to transparency and accurate reporting on such matters.
Heyden Petroleum, on its part, labeled the takeover allegations as both “misleading and detrimental.” The company reassured stakeholders of its stability, stating that it remains in full control of its assets and operations.
“We enjoy a robust, healthy, and subsisting relationship with AMCON,” a Heyden representative stated, emphasizing that Heyden Petroleum is financially secure and fully capable of meeting all obligations to customers and creditors.
