Loading banners
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
Management of Dansa Foods Processing Company Limited, on Monday vehemently denied owing Asset Management Corporation of Nigeria (AMCON), to the tune of N400 million. The company, through a release made available confirmed a business relationship with the defunct Intercontinental Bank and the only facility the company once had with the bank was fully paid since August 2008.
A senior official of the company said: “We wish also to note that Dansa Foods Processing Company Limited and Dansa Foods Limited are totally two separate companies with different lines of businesses and operate from different locations. Dansa Foods Limited has no case of indebtedness with AMCON and its in operations.”
He said that following a meeting between the company and AMCON, the Corporation has now agreed to carry out further and thorough investigation on the alleged indebtedness “and it is hoped that the outcome of the investigation will bring the matter to a close.”
The management of Dansa Foods assured its customers and other stakeholders that there is no issue as the matter is under control and will soon be rectified amicably.
