The Asset Management Corporation of Nigeria (AMCON), in its bid to freeze the bank accounts of General Hydrocarbons Limited, over alleged debt following receivership, has written thirty-four financial institutions in the country in that regard.
The post-no-debit demand is reportedly contained in letters dated 6 November 2025, by Adedeji & Owotomo, LLP, counsel to Seyi Akinwunmi – the receiver/manager AMCON reportedly appointed to take over the company, Premium Times reports.
Akinwunmi was said to have informed First Bank Limited, via the letter, that the Federal High Court Lagos on 24 October issued a Mareva injunction barring the bank from releasing or dealing with any funds/assets of the firm until the determination of the motion on notice in a pending suit.