Pan Ocean

Talks still ongoing over Pan Ocean’s N240bn debt, AMCON clarifies

Talks still ongoing over Pan Ocean’s N240bn debt, AMCON clarifies

By Prince Okafor The Asset Management Corporation of Nigeria, AMCON, has explained that it is yet to finalise an ‘out-of-court settlement’ with the management of Pan Ocean Group, over the latter’s N240 indebtedness. In a statement in Lagos, the Head, Corporate Communications, AMCON, Jude Nwauzor, explained that “Justice A.M. Liman in suit No. FHC/L/CS/722/20 ordered […]