AMNI International Petroleum Development Company Limited (“AMNI”) confirms that the Federal High Court has granted its application for stay of execution in the matter arising from the Cenroc FPSO Solutions Limited proceedings.
The ruling suspends the effect of the Court’s earlier order pending the determination of AMNI’s appeal before the Court of Appeal.
AMNI has continued to operate in the ordinary course of business throughout these proceedings. The company also confirmed there has been no disruption to management, operational control, production activities, or contractual performance.
The Company reiterated that the matter arises from an ongoing commercial dispute and does not relate to insolvency or inability to meet its financial obligations. AMNI remains financially and operationally sound.
AMNI has already filed its appeal to the Court of Appeal and will pursue resolution of the underlying dispute through the appropriate judicial process.
Further updates will be provided through official channels as appropriate.
Ifeoma Okeke-Korieocha
Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers.
She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay.
She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos.
As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender.
She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies.
Ifeoma is a one-time winner of the
prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category.
She is the 2025 Eloy Award winner under the Print Media Journalist category.
She has undergone several journalism trainings by various prestigious organisations.
Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.
