Tag: AMCON
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Alleged 69.4bn debt: Court vacates order against Jimoh Ibrahim’s assets
The Federal High Court, Abuja, on Monday, set aside the interim order through which the Asset Management Corporation of Nigeria (AMCON) seized property belonging to a businessman, Jimoh Ibrahim, for an alleged N69.4 billion debt. Justice Okon Abang, in a ruling, also vacated all consequential orders earlier made by the court on Jan. 4 but…
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![JUST IN: [N69.4bn debt] Jimoh Ibrahim loses bid to vacate order on seized assets](https://thenewsguru.ng/wp-content/uploads/2016/10/Jimoh-Ibrahim.jpg)
JUST IN: [N69.4bn debt] Jimoh Ibrahim loses bid to vacate order on seized assets
A Federal High Court in Lagos has declined to vacate an interim order through which the Asset Management Corporation of Nigeria (AMCON) seized properties belonging to a businessman Jimoh Ibrahim for an alleged N69.4billion debt. Ibrahim, NICON Investment Ltd and Global Fleet Oil and Gas Ltd, had in a motion on notice, prayed the court…
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AMCON takes over Jimoh Ibrahim’s assets, freezes accounts over N69.4bn debt
The Asset Management Corporation of Nigeria (AMCON) has taken over 12 assets belonging to Chairman of Global Fleet Group, Jimoh Ibrahim, and frozen all his accounts over his N69.4bn. The seizure of the assets is pursuant to an order by Justice R.M. Aikawa of a Federal High Court, in Lagos. AMCON on Wednesday took effective…
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AMCON freezes dead AIG’s account over N63.7m debt
Six years after his death, a retired Assistant Inspector General of Police, Simeon Olasunkanmi Oduoye, is being asked to settle his debt, by the Asset Management Corporation of Nigeria (AMCON). AMCON has obtained an exparte order freezing the accounts of the late AIG, who died in 2014, to recover a debt of N63,739,508.48. The court…
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Reps C’ttee invite NNPC, CBN, AMCON, AIICO, First Ins, others over alleged infractions in Insurance biz
The House of Representatives Committee on Insurance and Actuarial Matters has invited Chief Executives of Nigeria National Petroleum Corporation, NNPC, AMCON, AIICO, First Insurance, and other critical stakeholders to an investigative hearing from August 17th to 28th on alleged infractions in the Nigerian Insurance business environment. The invited CEOs are to appear before the House…
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Toke Makinwa speaks on AMCON’s alleged take over of Banana Island home
Multimedia personality Toke Makinwa has reacted to the trending story that her home in Banana Island, Ikoyi Lagos has been seized by AMCON. According to a statement that surfaced on Instablog, Toke has threatened to sue the originators of the story. The statement credited to a Toke Management described the story as a rumour. It…
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AMCON seizes Doggi Group assets over N440m debt
The Asset Management Corporation of Nigeria (AMCON) has seized assets belonging to Alhaji Umaru Baba Abdullahi, the Chief Promoter of Doggi Group Limited over N440 million debt. The corporation took over the assets after an order of Justice A.I. Chikere of the Federal High Court, Abuja division on June 5. In compliance to the enforcement…
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Alleged N243.9m AMCON debt: Court freezes firm’s account
A Federal High Court in Lagos has frozen all bank accounts belonging to Sprawling Nigeria Ltd and its two directors, pending the determination of a debt recovery suit brought against them by the Assets Management Corporation of Nigeria (AMCON). The directors are Lukman Olawale Ogunyemi and Yetunde Atilade. Justice Chuka Austine Obiozor made the order…
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11 Plc acquires popular Lagos hotel from AMCON
11 Plc, formerly Mobil Oil Nigeria Plc, yesterday said it had finalised discussions with the Asset Management Company of Nigeria (AMCON) to acquire the Lagos Continental Hotel. The company said this in a letter signed by its Managing Director, Mr Adetunji Oyebanji, to its shareholders, stakeholders and the general public, which was posted on the…
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It’s illegal to confirm new AMCON chairman – Falana
Activist lawyer, Femi Falana (SAN) has said that the Senate is legally prohibited from confirming the appointment of a deputy governor of Central Bank of Nigeria (CBN) Mr. Edward Adamu appointment as the Chairman of the Asset Management Corporation of Nigeria (AMCON) Board. He said this was because the five-year tenure of the current occupant…