A Federal High Court in Lagos has granted the Asset Management Corporation of Nigeria, AMCON, an interim order to take over the assets of Heyden Petroleum Limited, a company owned by the Ogun State Governor, Prince Dapo Abiodun, over alleged insolvency.
Justice Ambrose Lewis-Allagoa who presided over the court in suit No AMC/67/2024, gave the order after hearing the submission in an Ex parte motion AMCON filed through its lawyers, O. T. Ogunba and I. U. Odo of Kunle Ogunba SAN & Associates, who moved the motion, affidavit in support and written address.
Other companies affected by the interim order are Innovative Ventures Limited and Optimum Construction & Property Development Company Limited.
The court made the interim order on October 29, 2024 while delivering ruling on the motion Ex parte as prayed by the AMCON’s.
The judge thereafter adjourned the hearing of the substantive suit till November 21, 2024.