=N=240billion Debt: No ‘Out-of-Court Settlement’ With Pan Ocean Group Yet – AMCON

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 1,329 total views Contrary to the false news publications by some sections of the media, the court is yet to sanction any ‘out-of-court settlement’ with the management of the embattled Pan Ocean Group, an oil and gas company over its indebtedness of N240 billion. The huge debt of the company led to its take-over by AMCON sometimes in July. Recall that Hon. Justice A.M. Liman in suit No. FHC/L/CS/722/20 ordered AMCON and its assigned designate to take over several oil mining and oil prospecting licenses that are exemplified by OML 147…

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