A former governor of Cross River State, Mr. Donald Duke, says he is exploring out-of-court settlement with the Asset Management Corporation of Nigeria in respect of an alleged debt of N537,334,360.77.
The takeover order was made by Justice Chuka Obiozor, following an ex parte application marked FHC/L/CS/1373/2019. The applicants had prayed the court for “an order of interim attachment, possession and custody of the property being No. 3, Temple Road, Ikoyi, Lagos.” They urged the court to grant them possession of the property “pending the institution and disposal of proceedings for recovery of debt against the respondent, pursuant to Section 49 of the Asset Management Corporation of Nigeria Act 2010 .”
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