BY SEYIFUNMI LUMEKO
Asset Management Corporation of Nigeria (AMCON) has seized the properties of companies indebted to the Federal Government.
It began the raid at the Lekki area of Lagos State, seizing parcels of land and other valuable properties.
Seized properties included large expanse of lands occupied by squatters and mechanic village at Goshen Beach Estate and its environs.
The debtors, according to a suit, are Knight Rook Limited (under AMCON Receivership), Fibigboye Estates Limited and Grant Properties Limited.
AMCON’s representative, Adedeji Aniyikaye-Quadri, said the move followed a June 18, 2020 ex parte order granted in the corporation’s favour by Justice Saliu Saidu.
The order, seen by The Nation, attached the respondents’ properties for the liquidation of the N9,866,510,191.00 (billion) debt.
It is to enforce a judgment debt AMCON won at the Federal High Court on October 3, 2017, before Justice I. N. Buba.
AMCON, last Wednesday, took over 40 hectares of land on Lekki-Epe Expressway at Sangotedo, opposite Peace Garden City Estate in Ajah, pursuant to the same order.
Aniyikaye-Quadri said AMCON executed the judgment following the respondents’ failure to settle the debt.
He added: “We are not aware of any appeal challenging the judgment.
“The order takes immediate effect. It is permanent and it affects everything fixed on the land – whether movable or immovable -properties of the defendants.”
