AMNI Gets Court Stay in Cenroc FPSO Dispute
AMNI International Petroleum Development Company Limited has secured a stay of execution from the Federal High Court in its Cenroc FPSO Solutions Limited dispute. The ruling suspends the effect of the court's earlier order pending AMNI's appeal to the Court of Appeal. According to AMNI's Head of Corporate Communications, Didi Akinyelure, the company continues operating normally without disruption to management, production, or contractual performance. The dispute is described as commercial, not insolvency-related, and AMNI remains financially sound. The company has filed its appeal and will pursue resolution through judicial processes, with updates via official channels.