KEY POINTS
- Amni International receivership claim is under dispute.
- This claim is before the Court of Appeal.
- Amni International receivership claim has not altered operations.
Company says court order is limited and under appeal, not a transfer of control. Amni International Petroleum Development Company has rejected claims that it has been placed under receivership, disputing reports that a receiver manager has assumed control of the Nigerian upstream operator in a dispute involving Cenroc.
In a statement addressing what it described as public misinterpretation, Amni said a Federal High Court order cited in recent discussions does not amount to a takeover of its business. The company said the ruling concerns a limited appointment tied to an alleged debt and does not transfer managerial authority or operational control.
Amni International Receivership Claim Disputed
The company, chaired by Tunde Afolabi, said the scope and validity of the order remain under appellate review. Amni confirmed it has filed an appeal at the Court of Appeal and submitted applications seeking a stay of execution and injunctive relief. Those applications are pending.
According to the company, characterising the court action as final or describing it as evidence of a loss of control risks misleading stakeholders while the legal process continues. Amni said its management structure remains in place and its operations continue without interruption.
The dispute with Cenroc stems from contested commercial transactions, the company said. It also added that the case raises questions about corporate authority and prior approvals, issues it is challenging as part of the appeal.
Appeal to Clarify Receivership Scope
Amni said it continues to meet regulatory, contractual and operational obligations as the case proceeds. The company stressed that its day-to-day business activities remain intact and unaffected by what it described as a narrowly framed administrative appointment.
The matter has drawn attention in Nigeria’s energy sector, where court-ordered administration, even in limited form, can unsettle suppliers and counterparties. Industry participants often treat such developments cautiously, particularly when they involve established upstream operators.
Amni’s statement further sought to reassure partners that no broad change in control has occurred. It said the Court of Appeal will determine the reach of the Federal High Court order and whether the appointment should stand. The company is asking the appellate court to preserve the status quo while it challenges the underlying ruling.
