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Amni International Petroleum Development Company says it has not been placed under receivership, pushing back against reports that suggested a receiver manager has taken over the company in a commercial dispute involving Cenroc.
In a clarification issued by the company, Amni said the Federal High Court order being cited is being misrepresented in public discussion and does not amount to a takeover of its business. The company said the order relates to a limited appointment as an administrator for specific purposes tied to an alleged debt, not a sweeping transfer of managerial control.
Amni, chaired by Nigerian businessman Tunde Afolabi, said the scope and validity of the appointment are now under appellate review. It said it has filed an appeal at the Court of Appeal and submitted applications seeking a stay of execution and injunctive relief, with those requests still pending.
The company said any portrayal of the court action as final, or as evidence that it has lost control of its operations, risks misleading the public and business partners while the courts continue to weigh the matter. It also warned that such claims can distort the legal reality and create uncertainty that is not supported by the current posture of the case.
The dispute, Amni said, stems from contested commercial transactions. The company said the case includes questions around corporate authority and prior approvals, and it insists those allegations are being challenged as part of the appeal process.
Amni said its day to day business remains intact. The company said it continues to meet its regulatory, contractual and operational obligations and is operating as usual while the legal process unfolds.
The case has attracted attention in Nigeria’s energy circles because of Amni’s standing as a local upstream player and because court ordered administration, even when limited, can unsettle suppliers and counterparties. The company’s statement sought to reassure stakeholders that there has been no broad change in control, and that the courts will ultimately clarify the reach of the order.
The next major step is expected at the Court of Appeal, where Amni is asking the court to preserve the status quo while it challenges the underlying ruling.
