The Assets Management Corporation of Nigeria (AMCON) has stated that there is no plan to take over Dangote Refinery, stressing that it has no business with the group.
This is coming on the heels of media reports that the corporation could take over the refinery over the $7 billion debt the group is owing commercial banks in Nigeria.
In a statement by Jude Nwauzor, AMCON’s Head of Corporate Communications, said the rumour that the Corporation was taking the properties of Dangote Refinery or Dangote Group was false because it is not on its debtors’ list.
AMCON clarified that neither Dangote Refinery nor the Dangote Group is on its debtors’ list.
The Corporation noted that Dangote Oil Refineries was not part of the bad debts that it took over, hence, it can’t take over the company’s assets.
It noted that the group has the capacity to service and pay its debt as they fall due.
