Skip to main content

AMCON Takes Over Afrijet over N10bn Debt | Says About 400 Debtors owe Over N4.5tn

The Asset Management Corporation of Nigeria (AMCON), on Friday, took over the assets ofAfrijet Airlines Ltd. owned byVitalis Ibe, over an unpaid debt of almost N10 billion.
This is contained in a statement issued by Jude Nwauzor, Head, Corporate Communications, AMCON, which was obtained by the News Agency of Nigeria (NAN), in Lagos.
The statement said the takeover was based on an interim injunction granted against the airline by Justice Chuka Obiozor of the Federal High Court, Lagos Division.
It said, “the obligor owes AMCON nearly N10 billion. AMCON purchased the Eligible Bank Assets (EBAs), sometime in 2011 from the defunct FinBank andBank PHB. The order also affects Ibe’s Continental Aviation Services Ltd., AMCON has since appointed Professor Gbolahan Elias (SAN), as Receiver/Manager. “
The statement also said the receiver/manager at about 11AM on Friday simultaneously took possession of the assets of Ibe including Afrijet Plaza, the corporate head office of the airlines.
According to the statement, the office is located on Sheraton-Opebi Link Road Ikeja, Opebi, Lagos.
It said he also took over the obligor’s asset at Plot 22, Jimoh Odutola St., off Eric Moore Road, Surulere, Lagos, as well as his office at the Airport.
“The court order mandated the receiver/manager to also take over on behalf of AMCON any other offices, branches, stores and factories of Ibe. And his companies located and/or traced for the purpose of satisfying the indebtedness,” the statement added.
It said the court restrained Ibe and his companies from operating or tampering with the funds in his bank accounts under whatever name or guise in any bank or financial institution in Nigeria.
The statement said the court directed the Inspector General of Police to assist Elias in the enforcement of its orders, adding that no incident was however recorded during the enforcement.
“AMCON, under the leadership of Ahmed Kuru, had recently increased the tempo of its recovery and was going after some of its 400 obligors whose total debts account for more than N4.5 trillion’’, the statement added.

Comments

Post a Comment

Popular posts from this blog

Are Rihanna and Travis Scott dating ?

Last wednesday, Rihanna attended a Travi$ Scott concert for a third night in a row heating up dating rumors… Are Rihanna and Travi$ Scott dating ? The couple has been hanging together on many occasions and now the fans want answers. Rihanna has publicly revealed that she is a fan of Travis’ music by sharing a really sweet picture of her coping his new album on Instagram.  If the BBHMM singer and the rapper didn’t make anything official (yet), it looks like they have already started flirting. Indeed, a spy who was in the same club as Riri and Travi$ spotted them on the dance floor : “They are definitely together. They were dancing very close and didn’t care who could see them”.
Post a Comment
Read more

Aisha Buhari Calls For Probe Of State House Medical Centre

The wife of the President,  Mrs  Aisha Buhari, has called for a probe into how the budget for the State House Medical Centre is being utilised . The call comes barely one week after the management of the hospital said it would seek the commercialisation of the centre to boost its revenue. “I said I must be treated in Nigeria because there is a budget for an assigned clinic to take care of us. If the budget is N100 million, we need to know how the budget is spent. “Along the line, I insisted they call Aso Clinic to find out if the X-ray machine is working; they said it is not working. They didn’t know I am the one that was supposed to be in that hospital at that very time,” she added. Mrs Buhari, who addressed a gathering today (Monday) in Abuja, decried the “lack of facilities”, including syringes, at the hospital despite the huge budgetary allocation and ongoing construction there. “Few weeks ago I was sick as well, they advised me to take the first fligh...
Post a Comment
Read more

Travel Warning U.S Department of State issues new directive to citizens in Nigeria

American citizens have been advised to avoid Adamawa, Bauchi, Borno, Gombe, Rivers, Plateau, Kano and Yobe among other states. The United States Department of State has issued a new directive warning its citizens of the security risks inherent in travelling to and within Nigeria. The warning dated  9th February 2017 , recommends that US citizens should avoid all but essential travel to  Adamawa , Bauchi ,  Borno ,  Gombe ,  Kano , and  Yobe , due to the unpredictable security situation in the North-East. This follows a security warning issued by the US embassy on Tuesday, January 24, 2017 , advising citizens and officials to show extra consideration for their personal safety and security as they travel within Nigeria. It was issued in response to the government’s plans to shut down the  Nnamdi Azikwe Airport  for repairs and the re-routing of air traffic from that airport to the Kaduna airport, as well as the international airports in...
Post a Comment
Read more