AMCON Says ‘No Fresh Court Order To Freeze Sayyu Dantata’s MRS Accounts’

File photograph of AMCON MD/CEO, Mr Ahmed Kuru


The Asset Management Corporation of Nigeria (AMCON) late on Tuesday strongly rebutted media reports that it obtained a court order today directing it to freeze all accounts of MRS Holding Limited and that of its promoter, Alhaji Sayyu Dantata. This was contained in a statement issued by Jude Nwauzor, Head Corporate Communications Department at the government agency.

The full text of the statement reads, “Contrary to the news published by P.M.News today, the Asset Management Corporation of Nigeria (AMCON), is totally unaware of any fresh Federal High court order, which mandated the freezing of all the monies due to or lying to the credit of Sayyu Dantata’s oil company, MRS Holding Limited in 21 banks.

“AMCON is also not in the know of any court, which sat on Tuesday November 17, 2020 regarding case with MRS Holdings Limited as claimed and reported by the Lagos-based media house as not such sitting took place.

“As far as the matter is concerned, AMCON has reached a settlement resolution term with MRS Holding Limited and its lead promoter and there has not been any reason whatsoever to seek for any order of the court in this regard.

“The public should therefore disregard this deceptive news item, the basis of which is totally unknown to us, which is entirely created from the imagination of the reporter to mislead the reading public.

“AMCON is a responsible agency of the Federal Government of Nigeria that transparently carries out its businesses within the ambit of the laws of the Federal Republic of Nigeria and the AMCON Act as amended,” the statement concluded.

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