AMCON Takes Over Stella Oduah’s Oil And Gas Company Over N20bn Debt

The Asset Management Corporation of Nigeria (AMCON) on Friday took over the asset of Sea Petroleum & Gas Limited and its affiliated companies.

The company is promoted by former Minister of Aviation and Nigerian senator, Stella Oduah.

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…

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