Court Orders AMCON to Take over Doggi Group’s Assets
The Asset Management Corporation of Nigeria thursday announced that it had taken over properties belonging to Alhaji Umaru Baba Abdullahi, the Chief Promoter of Doggi Group Limited over an indebtedness of over N440 million.
According to the statement, AMCON yesterday took possession of two properties, through its receiver, Mrs. Juliet Benson of Benson Reeds Legal Practitioners. Since then, AMCON said it had offered the obligor opportunities and explored all avenues to resolve the matter amicably, but the obligor, and his company, Doggi Group Limited, have remained recalcitrant and unwilling to repay the debt.
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