Court awards N26bn fine against AMCON

Asset Management Corporation of Nigeria AMCON

Image result for Court awards N26bn fine against AMCONA Federal High Court in Abuja has ordered the Asset Management Corporation of Nigeria AMCON, to pay Capital Oil and Gas Limited, the sum of 26 billion naira.

This is in order to restructure the plaintiff’s debt, and to provide Trade Finance Facility.

The court, presided over by Justice Abdul Kafarati, restrained AMCON from exercising any powers over Capital Oil and Gas Limited and its assets, and from processing any assignment and transfer among others.

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