AMCON: We’re in Court With Kanu Over Debt

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  • AMCON: We’re in Court With Kanu Over Debt

The Asset Management Corporation of Nigeria (AMCON) yesterday said it has exhausted all avenues of peaceful resolution on the debt allegedly owed the corporation by the promoter of The Hardley Apartments and former captain of the Nigeria Super Eagles, Nwankwo Kanu.

Inastatement released yesterday, AMCON said it had in 2015, obtained an order from the Federal High Court, which gave the corporation permission to take possession of The Hardley Apartments located at No. 46 Waziri Ibrahim Crescent, Off Elsie Femi – Pearse Crescent, Off Adeola Odeku Street, Victoria Island in Lagos State. This order still subsists, pending the determination of the substantive matter

It said: “AMCON is not in the habit of joining issues with obligors on the pages of the newspapers especially when the matter is in court as in this one. However, as a law abiding recovery agency of the Federal Government of Nigeria, we are at all times guided within the confines of the law and would continue to act accordingly”.

The corporation said reports on the debt are brazen falsehood meant to mislead the public on the true position of the debt to the corporation”.

“We also want to put on record that having exhausted all avenues of peaceful resolution as a result of the huge debt, AMCON in 2015 obtained an order from the Federal High Court, which gave the Corporation permission to take possession of The Hardley Apartments located at No. 46 Waziri Ibrahim Crescent, Off Elsie Femi – Pearse Crescent, Off Adeola Odeku Street, Victoria Island in Lagos State. This order still subsists, pending the determination of the substantive matter”.

The public should therefore please disregard these misrepresentations as we await the pronouncement of the court on the matter.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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