Following liquidation reports, the management of MRS Holdings Limited has refuted claims that it owes the Asset Management Corporation of Nigeria, AMCON, N81 billion.
The downstream oil firm, said it is not indebted to AMCON, insisting it had fully paid a syndicated loan collected from a consortium of local lenders for a viable project.
MRS management, in a statement on Tuesday, July 12, said: “Our attention has been drawn to a recent publication by the Asset Management Corporation of Nigeria (AMCON) alleging that MRS Holdings Limited is indebted to it in the sum of N81 billion and that the corporation has instituted suit No: FHC/L/CP/923/2016 to wind up the company over its inability to pay the alleged debt.”
AMCON had on Tuesday, claimed it began a winding-up proceeding against MRS Holdings Limited, owned top businessman, Alhaji Sayyu Dantata, at a Federal High Court, Lagos, after all its entreaties to the management of the company to settle the debt failed. But MRS Holdings described the AMCON claims as false.
“MRS challenges in the strongest possible terms, the false claim by AMCON that the company is indebted to AMCON in the sum of N81 billion or any sum at all. The correct position is that MRS obtained a loan from a consortium of banks in Nigeria for a viable project,” the company added.
The oil firm admitted that the said loan was taken over by AMCON, only for the corporation to discover that the loan was being serviced.
