Asset Management Corporation of Nigeria (AMCON), has taken over all properties belonging to the former governor of Kwara State in Nigeria, following an order from the federal high court sitting in Lagos.
Justice A.M. Liman of the Federal High Court, Lagos Division, granted the Asset Management Corporation of Nigeria, AMCON, in Ilorin, the authority to take over the mansion belonging to former governor of Kwara state Ahmed Abdulfatah, over N5 billion debt.
The court further ordered the freezing of all the bank accounts of the former governor and his two companies including Trans Properties and Investment Limited and Trans IT Consulting Limited in Suit No: FHC/L/AMC/01/2021.
It was gathered that despite holding one of the highly exalted political offices in the land, he never made any effort to repay his debt.
Complying with court order, AMCON through the Law firm of Chief Robert Ohuoba of Robert Ohuoba & Co, one of the leading Asset Management Partners, AMPs, took possession of the mansion belonging to the former Governor situated at Abdulfatah Street, GRA, Ilorin, Kwara State.
AMCON had to commence asset tracing through its appointed law firm of Robert Ohuoba & Co. on Abdulfatah Ahmed, an exercise which further revealed 9 properties of the obligor situate in Kwara, Lagos State and the Federal Capital territory, FCT, Abuja, which the Corporation has plans to enforce upon.
Other assets of the former Governor, which the Honourable Court granted AMCON possession over include: No 13, Alhaji Masha Road, Surulere; No. 9 Wharf, Apapa, Lagos; Plot 3632, Cadastral Zone E27 of Apo, Abuja; Plot 4115, Cadastral Zone F14 of Bazango, Abuja; Plot 8502, Cadastral Zone E31 of Carraway Dallas, Abuja; Plot 494, Cadastral Zone E31 of Carraway Dallas, Abuja; Plot 719, Cadastral Zone E23 of Kyami, Abuja; and any other landed property in any place that may be found within the Federal Republic of Nigeria.
In its quest to prioritize electricity supply to local customers, the Nigerian Electricity Regulatory Commission… Read More
Cancer is a disease that starts when cells in our body grow out of control.… Read More
Despite steady rise in cost of fuel over the years, Nigerians have continued to buy… Read More
You grew up with dwarfism and no doubt people look at you peculiarly and even… Read More
Senator Godswill Akpabio visited Uyo last weekend on his way to Ikot Ekpene to attend… Read More
The recent increase in the exchange rate for customs duty collection to N1,441.53 to the… Read More
This website uses cookies.