The
Asset Management Corporation of Nigeria (AMCON) on Friday took over the asset
of Sea Petroleum & Gas Limited and its affiliated companies.
A
statement by Jude Nwauzor, AMCON spokesperson, said the organisation took
possession of the company’s asset around 11:00a.m Friday.
The
decision followed a judgement by Justice M.S. Hassan of the Federal High Court
Lagos Division which granted an injunction against Sea Petroleum Oil & Gas
Limited, on the application of AMCON.
“Princess
Oduah-Ogiemwonyi, a serving member of the 8th Senate of the Federal Republic of
Nigeria has been having a running battle with AMCON over her inability to
settle her huge debt of nearly N20billion,” Mr Nwauzor said in the statement
sent to Premium Times.
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