Demola Seriki
Things are still looking up and yummy for former Minister of State for Defence, Ademola Seriki. Not long after fortune smiled on him (in the form of his appointment to represent Nigeria as an envoy in Spain), AMCON has also loosened him and let him go. Good things really do come to those who wait and in pairs too.
The Asset Management Corporation of Nigeria (AMCON), the organisation responsible for overseeing non-performing loans and assets, has taken the chains off Demola Seriki, former Minister of State for Defence, Otun Aare of Lagos, and Nigeria’s non-career ambassador to Spain. This is after almost two years of Seriki’s properties (for debts allegedly valued at over 1 billion).
Between Labour and the Opposition to Deregulation, By Tayo Olu
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The Asset Management Corporation of Nigeria said it has filed a notice of appeal at the Court of Appeal, Abuja judicial division, following Justice Okon Abang’s ruling of Tuesday, February 22, 2021, which was unsatisfactory to it.
In a statement on Wednesday titled ‘N69.4bn debt case between AMCON & Jimoh Ibrahim heads to court of appeal’, it said this was in a bid to recover a debt of nearly N70bn owed it by businessman, Jimoh Ibrahim.
Abang presided over the case involving AMCON; NICON Investment Limited (in receivership); Global Fleet Oil & Gas Limited (in receivership); Taiwo Lakanu (appointed receiver of NICON Investment Limited & Global Fleet Oil & Gas Limited and Jimoh Ibrahim; NICON Insurance Limited; Nigeria Re-Insurance Hotels Limited; Abuja International Hotels Limited and NICON Hotels Limited.