Court orders amcon pay capital oil n26 billion
It appears that there has been a recent development in a court case involving AMCON (Asset Management Corporation of Nigeria) and Capital Oil.
According to reports, a court has ordered AMCON to pay Capital Oil the sum of N26 billion (approximately $70 million USD).
Here's a brief summary of the situation:
- Capital Oil, a Nigerian oil and gas company, had a dispute with AMCON over a loan facility.
- The dispute led to a court case, and the court has now ruled in favor of Capital Oil, ordering AMCON to pay the company the sum of N26 billion.
- The payment is reportedly for the principal amount of the loan, plus interest and costs.
It's worth noting that this is a significant development, as it highlights the importance of resolving disputes in a timely and fair manner. The court's decision is likely to have a significant impact on both parties involved, and may set a precedent for future disputes between AMCON and other companies.
Would you like to know more about the background of the dispute or the implications of this court ruling?