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N1 3billion Debt: AMCON Takes Over Assets Of Inducon Nigeria Limited

Following the order of Honourable Justice Aikawa of the Federal High Court, Lagos the Asset Management Corporation of Nigeria (AMCON) at the weekend took over an asset belonging to Dr. John Warimeme Abebe, the Chief Promoter of Inducon Nigeria Limited over a staggering indebtedness of over N1.3billion In compliance to the enforcement order, AMCON at the weekend took effective possession of the property situate at Plot12, Block 108 Lekki Peninsula Residential Scheme, Lagos, through its Debt Recovery Agent Ogunsola Shonibare L.P. The Court also ordered that the bank accounts of the company and its Directors, Dr. John Warimeme Abebe, Mr. Olawole Fatimilehin and Ademola Buraimoh be frozen pending the final determination of the suit.

AMCON seizes Inducon assets over N1 3bn debt

The Asset Management Corporation of Nigeria (AMCON) at the weekend took over an asset belonging to Dr. John Warimeme Abebe, the Chief Promoter of Inducon Nigeria Limited over a staggering indebtedness of over N1.3 billion The Head, Corporate Communications Department of AMCON, Jude Nwauzor, said it followed an order of Justice Aikawa of the Federal […]

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