AMCON seizes multi billion naira properties in Lagos
While taking journalists around some of the seized properties Friday, Gbenga Dosunmu, AMCON’s receiver-manager’s counsel, said despite government efforts, some of the alleged debtors had refused to liquidate their debts.
The order also mandates AMCON to recover land measuring 1668.740 square metres along Kirikiri Road, Olodi Apapa, land measuring 4939.122 square metres on 98 Kudirat Abiola Way, Oregun, lkeja and land at No. 21, Adaranijo Street, Bariga, Somolu. According to him, the order attached the funds and other assets “of the debtor, its directors, shareholders and guarantors pending the determination of the suit.
“AMCON naturally bought the loans and, of course, AMCON went to court and obtained court orders to move into some of the assets, to try to see how we can liquidate the facility.”
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