Capital Oil accuses AMCON of ignoring court order

Almost a week after an Abuja High Court vacated the order it had earlier made in November, granting the Assets Management Corporation of Nigeria, AMCON, immediate possession of properties belonging to Capital Oil, the former has completely disobeyed the order choosing instead, to hold tighter to the properties of the company.

In a release made by the Oil company’s spokesperson, Mr. Nick Hayes on Monday in Abuja, he informed that as at today (Monday 17th December), the policemen deployed at the instance of AMCON to take over the premises of Capital Oil and Gas, have refused to allow staff of the company access into the premises.

Mr. Hayes said that even though the court order is obviously pasted at the gates of the massive premises, the policemen there claim that they have not been de-briefed by AMCON.

Hayes said that this latest action of AMCON, is a clear indication that the masked people bent on taking over Capital Oil and Gas Industries Ltd., are still at work, doing every thing they can, to perfect their plans -court order, or no court order.

Furthering, he noted “It is paradoxical that the same AMCON who did not waste time in taking over the premises and properties of Capital Oil and Gas when it got an order to do so, is now foot-dragging as the same court has vacated the initial order”.

On the statement credited to the Managing Director of AMCON, Mr. Chike Obi, that AMCON has appealed the order given by Justice Abdu Kafarati as probably the reason for their disobedience of the court order, Hayes argued that AMCON should first obey the subsisting order, vacate the premises as well as hands-off the properties of the company and then, pursue the matter in court.

He insisted that anything to the contrary, remains a clear case of irresponsibility on the side of AMCON’S management as well as an indication that AMCON is running a hidden agenda for some highly placed people.

He recalled the comments made by Justice Kafarati in his ruling: “AMCON should allow the business to go on while the company negotiates how to pay the debt. To stop the company from operating, might have adverse effect on the economy of the country”, and noted that the statement is unambiguous to warrant further interpretations.

Hayes concluded that “federal government has continued to promise Nigerians that they will have enough fuel to travel to their various destinations for the yuletide celebration. The same authorities should call AMCON to order, so that their promises to the masses of Nigerians will not become unfulfilled”.