Davidson Iriekpen
The Asset Management Corporation of Nigeria (AMCON) and Bi-Courtney Nigeria Limited yesterday disagreed over the import of a Supreme Court judgment delivered on April 5, 2019, allowing an appeal by the aviation services company and dismissing the cross appeal by the asset management company.
Bi-Courtney had in a statement made available to THISDAY on Tuesday claimed that the implication of the judgment was that AMCON was liable to netting off what the aviation services company was owing it from a judgment credit of N132,540,580,304 it had secured against the federal government in April 2012.
But AMCON in a statement to THISDAY last night said the Supreme Court did not order it to pay Bi-Courtney the sum of N132billion, adding that it was the aviation services firm that is indebted to it in excess of N119billion.
Bi-Courtney has always maintained that it was not indebted to AMCON.
The firm had severally asserted that rather…
