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We have no plans to take over Dangote Refinery -AMCON 

Anthony Iwuoma

The Assets Management Company of Nigeria, AMCON, has debunked reports that it plans to take over the Dangote Refinery over debts owed by the Dangote Group to banks.
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According to reports on online media, Aliko Dangote, Africa’s richest man, owes some Nigerian commercial banks over $7 billion and risks a takeover of his refinery by AMCON.

However, AMCON has said it has no such plans, adding that it does not have Dangote Refinery or the Dangote Group on its debtors’ list and, therefore, has no basis to contemplate taking over the group’s assets.

AMCON’s Head of Corporate Communications, Jude Nwauzor, told LEADERSHIP that the rumour that it was planning to take over the assets of Dangote Refineries is false since the Dangote Group is not on its debtors’ list.

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