Day: November 6, 2025

GHL Slams AMCON’s ‘Contemptuous’ Receiver Bid Despite Clear Court Restraint

GHL Slams AMCON’s 'Contemptuous' Receiver Bid Despite Clear Court Restraint General Hydrocarbons Limited (GHL) has voiced strong objections to what it characterizes as an illegal and defiant attempt by the Asset Management Corporation of Nigeria (AMCON) to install a Receiver over the company. GHL asserts that this move flagrantly disregards a valid, existing injunction from the Federal High Court. In a powerful statement released on Wednesday, the company detailed that Justice Lewis Allagoa of the Federal High Court, Lagos, issued an interim injunction on 23 September 2025 (in Suit No: FHC/L/CS/1903/2025). This order explicitly restrains AMCON, its Managing Director, the Attorney General of the Federation, First Bank of Nigeria (FBN), and their agents from enforcing any rights over GHL or its assets while the substantive motion remains pending. General Hydrocarbons Limited

GHL Slams AMCON’s ‘Contemptuous’ Receiver Bid Despite Clear Court Restraint

ABUJA BUSINESS REPORTS November 6, 2025

General Hydrocarbons Limited (GHL) has voiced strong objections to what it characterizes as an illegal and defiant...

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The Uncomfortable Truth: Nigeria’s Strategic Gambit to Defusing the U.S. CPC Designation and Trump’s Threat

Uncomfortable Truth: Nigeria’s Strategic Gambit to Defusing the U.S. CPC Designation and Trump's Threat

The Uncomfortable Truth: Nigeria’s Strategic Gambit to Defusing the U.S. CPC Designation and Trump’s Threat

ABUJA BUSINESS REPORTS November 6, 2025

By James Ezema The re-designation of Nigeria as a Country of Particular Concern (CPC) by the U.S....

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