Fresh efforts to revive the previously aborted sale of a 40 per cent stake in the Amukpe–Escravos Pipeline have reignited concerns over transparency and corporate governance in Nigeria’s oil and gas industry. A policy expert has warned that the manner in which the transaction is handled could have far-reaching...
AMCON
A terminated sale of a 40 per cent stake in the Amukpe–Escravos Pipeline has drawn renewed attention to Nigeria’s asset disposal processes after fresh independent valuations showed a significant gap between earlier pricing and current estimates. Reports said that assessments conducted in 2025 placed the stake at between $544...
Forget the sanitised press releases. Here is what is unfolding around the Amukpe-Escravos Pipeline (AEP). There are disputes, and then there are situations that test the credibility of the process. What is unfolding around the Amukpe-Escravos Pipeline is not a routine commercial disagreement. It is a case study in...
[News Analysis] A September 2025 approval tied to a failed pipeline transaction has resurfaced, despite the deal being formally terminated four months earlier, according to sundry reports. The approval relates to a proposed sale of a 40 per cent stake in the Amukpe-Escravos Pipeline, a 160,000-barrel-per-day evacuation route that...
By OLA MODUPE, Lagos- Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, June 30, 2025, adjourned till July 1, 2025 further hearing in the trial of Mallam Ahmed Kuru, a former Managing Director of Assets Management Corporation of Nigeria, AMCON, and four others, ...
Finance Minister and coordinating Minister of the Economy, Mr. Olawale Edun, has charged the New Board of Directors of the Asset Management Corporation of Nigeria (AMCON), to speed up debt recoveries. The minister gave the charge on Wednesday in Abuja during the Inauguration of the New Board of AMCON....