Nigeria, Nov. 7 -- General Hydrocarbons on Thursday described the Asset Management Corporation of Nigeria (AMCON)'s appointment of a receiver to take over the company as an "unlawful attempt."

The oil servicing company, which is majority-owned and controlled by Nduka Obaigbena, the chairman and editor-in-chief of THIS DAY newspaper and ARISE Media Group, said the agency enforced the receivership despite a subsisting court order issued by Justice Lewis Allagoa in Suit No: FHC/L/CS/1903/2025 on 23 September 2025.

General Hydrocarbons made the disclosure in a statement on Thursday, stating that it expects institutions and government agencies to abide by court orders and govern Nigeria based on the rule of law.

It also noted that instituti...