Deap Capital Administration and Belief Plc has denied that Asset Administration Company of Nigeria (AMCON) has taken over its property. The corporate mentioned AMCON’s property have resumed belonging to its former administrators and to not the corporate basically.
Deap Capital Administration mentioned that despite the fact that it’s indebted to AMCON, with a debt price N1.6 billion, it’s nonetheless resolving its debt to AMCON. The corporate additionally defined that AMCON has a major stake in Deap Capital Administration, making AMCON a serious participant within the firm.
In an announcement obtained from: AllNews: from the Nigerian Inventory Trade (NSE), Deap Capital Administration said that AMCON has repossessed the property following a court docket order ordering AMCON to grab the property belonging to its former director, “The company (AMCON) has established an motion in opposition to the Firm within the Federal Excessive Courtroom, Lagos and the judgment have been pronounced on 28 January 2015.
“The Firm has had a judgment granted in its favor. In accordance with the judgment, the Company has instituted restoration proceedings in opposition to the Firm. The Company has lately secured a Courtroom Order to assault the property of the previous administrators of the Firm “. Deap Captal Administration mentioned within the assertion, clarifying that the restoration was made on the property of its former administrators.
He additionally mentioned the corporate is resolving its operational challenges, specifically the restoration of its working licenses.