The Asset Management Corporation of Nigeria said
on Monday that it had initiated steps to wind down MRS Holdings Limited over
its inability to repay the N81bn the company owed it.
AMCON said it commenced a wind-down proceedings
against MRS Holding Limited owned by a top businessman, Alhaji Sayyu Dantata,
at a Federal High Court in Lagos following the inability of the firm to settle
the outstanding debt.
The corporation had in the suit No.
FHC/L/CP/923/2016 asked the Federal High Court, Lagos Division, to allow it to
force MRS, a major player in the downstream sector of the oil and gas industry
in Nigeria, into compulsory liquidation.
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