N4.7bn debt: AMCON takes over properties in 2 states, UK

By Lukman Olabiyi

In a bid to recover billions of naira from individuals and organisations, the Asset Management Corporation of Nigeria (AMCON) has the taken over their properties within and outside the country.
The properties, which were seized over the weekend by AMCON, belong to three firms and eight individuals. The assets include land, houses, cars and power generating sets situated Lagos and Ogun states, and the United Kingdom.
AMCON alleged that the owners of the properties it took over failed to offset N4,680,343,681.47 bank debt, and its action on the properties was in line with the execution of a Federal High Court’s order authorising receiver/ manager, Lanre Olaoluwa, to take possession pending the determination of the suit.
Justice Abdulaziz Anka made the order in suit FHC/AB/CS/69/16 filed by AMCON against 11 respondents, including three firms, Havilah Villas Ltd, Grant Properties Ltd and Knight Brook Ltd.
The other defendants are Rev. Olajide Awosedo, Rev. (Mrs.) Abosede Olajide Awosedo, Engr. Edun Kayode, Arch. Adebayo Kayode, Adaba Anthony, Byoma Andrew and Mfon Adebayo.
The properties include 14 hectares of land and buildings at Victory Park Estate, Igbokushu, Lekki; House J1, Olajide Awosedo Avenue, Goshen Beach Estate, Lekki and land at River View Estate, Isheri, Ogun State.

 

 

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