Archlight Nigeria Limited has denied claims that it signed over 50 per cent equity shareholding in the Ibadan Electricity Distribution Company to 86 Gardens Limited.
In 2024, Archlight acquired a 60 per cent stake in Ibadan DisCo from the Asset Management Corporation of Nigeria, which had taken over the company due to unpaid loans.
The company also denied all the claims in a court filing by 86G seeking to interfere with the ownership and…
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