Appellate proceedings do not relate to insolvency or inability to meet our obligations - AMNI

AMNI International Petroleum Development Company Limited (AMNI) has clarified that appellate processes which it is pursuing through appropriate judicial channels do not relate to insolvency or inability to meet its obligations.

Didi Akinyelure, Head, Corporate Communications in a statement said the company continues to operate in the ordinary course of business and remains fully committed to its regulatory, contractual, and operational responsibilities.

“AMNI will continue to respect the judicial process and will provide updates through official channels as appropriate,” Akinyelure stated.

She stated that these clarifications follows recent media reports concerning court rulings involving Cenroc FPSO Solutions Limited and CCM.

According to Akinyelure, AMNI considers it important to clarify that both matters arise from substantially similar commercial disputes relating to contractual claims.

“The companies referenced in these proceedings are affiliated entities with overlapping directorship and management structures.

“The disputes concern documentation and substantiation of certain contractual
claims which AMNI has formally challenged in accordance with the agreements executed between the parties,” she explained.

“Both matters are subject to appellate processes, including applications for stay of execution and related relief. AMNI is pursuing all available legal remedies through the appropriate judicial channels,” Akinyelure clarified.

Ifeoma Okeke-Korieocha

Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers. She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay. She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos. As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender. She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies. Ifeoma is a one-time winner of the prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category. She is the 2025 Eloy Award winner under the Print Media Journalist category. She has undergone several journalism trainings by various prestigious organisations. Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.