The Asset Management Corporation of Nigeria Tuesday took over several multi-billion naira properties in Victory Park Estate, Lekki, Lagos, following a N12, 966,510,191 judgment debt it won at the Court of Appeal in Lagos.
The appellate court also awarded a cumulative sum of N12, 966,510,191 in favour of AMCON against Knight Rook Ltd, Grant Properties Ltd, Rev Olajide Awosedo, Olawunmi Olajide-Awosedo, Abimbola Olajide-Awosedo and Fibigboye Estates Ltd. Others stated that they were in receipt of an official statement by AMCON to residents, notifying them of the appellate court judgments, upholding the lower court judgment.
Another one bites the dust!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taraba: Our deserted homes taken over by herders, says Kona womenThe military didn't help matters as well. Arresting innocent Kona youths rather than going after their attackers.
Source: MobilePunch - 🏆 8. / 63 Read more »
AGF: servicing debt with 70% of income okay - The Nation NewspaperTge Accountant General of the Federation (AGF), Ahmed Idris, has allayed the fear that servicing the country’s debt with 70 per cent of the national income Wonderment! When did Buhari appoint an AGF?
Source: TheNationNews - 🏆 6. / 69 Read more »
Matawalle inherited N252b debts from Yari, says transition chairFormer Zamfara State Governor Abdul Aziz Yari allegedly left N252 billion in debts to Governor Bello Muhammad Matawalle, the state’s transition Its unfortunate. With a quarter trillion naira debt where IGR and it share from FG allocation is nothing to right home about. It's near impossible for Bellomatawalle1 to make a difference adding to the security challenges. Why giving us the Liabilities: where are the assets inherited? No wonder he was hell bent on producing his stooge as predicessor.
Source: TheNationNews - 🏆 6. / 69 Read more »
Nigeria’s debt profile sustainable, AGF maintains | The Guardian Nigeria News - Nigeria and World NewsDespite the 12.25 per cent increase from 2017, the Accountant General of the Federation (AGF), Idris Ahmed, has maintained that Nigeria’s current debt profile was “efficiently sustainable.” Even as the nation spends 70 per cent of its revenue on debt servicing, the AGF insisted that the strategic measures initiated by the Federal Government would ensure …
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Do Not Expect Debt Relief, U.S. Warns AfricaThe U.S. top Africa diplomat, Tibor Nagy, warned in Pretoria, South Africa on Monday that African countries running up debt they cannot pay back, including China, should not expect to be bailed out by western-sponsored debt relief. The International Monetary Fund and World Bank began the Heavily Indebted Poor Countries (HIPC) Initiative in 1996 to […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Yari under attack over N2.8bn debt on NECO, WAEC, others - Daily Post NigeriaThe immediate past administration in Zamfara State led by the ex-governor, Abdul’aziz Yari, is said to have left over N2.8 billion liabilities involving ex Some should pls give me the handle for NECO NIGERIA
Source: DailyPostNGR - 🏆 11. / 59 Read more »