General Hydrocarbons Limited (GHL) has accused the Asset Management Corporation of Nigeria (AMCON) of attempting to appoint a receiver over its assets in defiance of an existing court order.

In a statement, GHL said AMCON’s move violated an interim injunction issued on September 23 by Justice Lewis Allagoa of the Federal High Court, Lagos, and reinforced on October 22. The order restrained AMCON, its Managing Director, First Bank of Nigeria (FBN), the Attorney General of the Federation, and their agents from taking any enforcement action against the company, including freezing accounts, seizing assets, or appointing receivers.

Describing AMCON’s action as a “flagrant abuse and disobedience of a valid court order,” GHL warned that it would resist any attempt to seize its assets in accordance with the law.

GHL insisted that it is not indebted to AMCON, FBN, or any other financial institution, stressing that it has no non-performing loans.

The company said it had taken its crude oil dispute to the Supreme Court (Suit SC/CV/929/2025) and filed another motion at the Federal High Court, Lagos, challenging what it called an “inconsistent arbitration award” in Suit FHC/L/CS/2241/2025.

All parties in the legal battle are expected to appear before Justice Allagoa on November 11, where GHL plans to report what it described as a “material non-disclosure and contempt” of the court’s orders.