AMNI International Petroleum Development Company Limited (“AMNI” or “the Company”) has said it is exercising 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,” Didi Akinyelure, Head, Corporate Communications, AMNI International Petroleum Development Company Limited said in a statement.
This clarification follows reports stating 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 company said in the statement.
Akinyelure also stated that the scope, validity, and effect of the said appointment are currently the subject of appellate proceedings.
“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,” Akinyelure said.
She explained that the underlying dispute arises from commercial transactions that AMNI is contesting, including issues concerning corporate authority and prior approvals.
“These matters form part of the substantive questions now before the appellate court,” Akinyelure added.
She said that the matter is sub judice and subject to final judicial determination, stressing that the company will take all lawful steps necessary to protect its rights and assets pending resolution of the appellate proceedings.
