The Cheer News
Breaking News

AMCON Takes Over Former Minister’s Property Over N1b Indebtedness

Following the order of Justice Chuka Austine Obiozor of the Federal High Court, Lagos, the Assets Management Corporation of Nigeria yesterday took over two properties belonging to a former Minister of State for Defence, Ademola Seriki, in Lagos and Abuja.

The take over of Seriki’s property was sequel to an outstanding staggering indebtedness of nearly N1bn.

Jude Nwauzor, Head, Corporate Communications, AMCON, in a statement last night, said the properties were located at No. 1a & 1b, Jalupon Close, Surulere, Lagos and No. 4, Djibouti Crescent, a high-brow area of Wuse 2, Abuja.

READ ALSO: Social Media Bill: NUJ Disagrees, FG Insists, Where Are We Headed?

He said the case between AMCON and Seriki ended up in court as all efforts made by the corporation to resolve the issue peacefully did not yield the desired result.

Related posts

Court Fixes December 23 To Rule Over Sowore’s Unconditional Release

EDITOR

Top Five Most Powerful Women in Nigeria

DANIEL OKOLIE

Buhari Media Organisation Continues Blame Game On PDP Over N27b National Secretariat Fund

EDITOR

Leave a Comment

+ 74 = 75