Managing Director of Stallion Group, Mr. Anant Bajadtya has described the allegations of debt and economic subversion levelled against the company as false and malicious.
In an interview with AgroNigeria, Mr. Bajadtya attributed the news making the rounds to efforts of disgruntled rivals attempting to undermine the group’s appeal.
“These allegations are false and are undergirded by malicious intents and our legal team has taken up the issue with the Judiciary”, he said.
According to Badjatya, Stallion Group, which is one of Sub-Saharan Africa’s largest conglomerates is celebrating its 50th year of existence in 2019.
Across Nigeria, the group has investments in automobile services, food products, frozen fish cold storage facilities, commodities distribution, rice production through its Popular Farms & Mills subsidiary and aquaculture through another subsidiary known as Premium Aquaculture.
On claims of Stallion’s subversion of the Nigerian economy, Badjatya described them as false, stating that “Stallion has for four consecutive years been recognized as a ‘champion’ in the Rice and Aquaculture sub-sectors of the Nigerian agricultural economy and is steadily contributing its quota to the country’s current industrialization plan”.