AMNI International Petroleum Development Company Limited has reacted to the legal position on the reported court order in a dispute with Cenroc FPSO Solutions Nigeria Limited.
The firm spoke in a statement it issued to newsmen on Friday on the case before the Federal High Court sitting in Lagos.
It said: “AMNI International Petroleum Development Company Limited (‘AMNI’ or ‘the Company’) has become aware of media reports suggesting that a Receiver-Manager has been appointed over the Company.
“AMNI wishes to clarify that this characterization is inaccurate and materially misleading.
The order made by the Federal High Court does not appoint a Receiver-Manager over AMNI.
“Rather, the order, as drawn, relates to a limited appointment as Administrator for defined purposes connected to an alleged indebtedness.
“Any representation that a receivership has been established or that full managerial control of AMNI has passed is incorrect.
“The scope, validity, and effect of the said appointment are currently the subject of appellate proceedings.
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“AMNI has exercised its constitutional right of appeal and has filed applications for stay of execution and injunctive relief before the Court of Appeal.
“These applications remain pending and undetermined.
“It is therefore concerning that public declarations implying finality or control have been circulated while judicial proceedings seeking to preserve the status quo are awaiting determination.
“Such representations risk creating a misleading impression that does not reflect the true legal position.
“The underlying dispute arises from commercial transactions that AMNI is seriously contesting, including issues concerning corporate authority and prior approvals.
“These matters form part of the substantive questions now before the appellate court.”
