Bulk Pack Services Limited, a beverage package manufacturer and supplier owned by Alhaji Sani Dangote, the younger brother of Alhaji Aliko Dangote, was taken over by Asset Management Corporation of Nigeria (AMCON) yesterday as part of the corporation’s recovery efforts.

The Receiver, Mr. Urua Essien, confirmed that he took effective control of the company following the failure of the company to repay their outstanding debt.

“The Receiver immediately sealed off the premises of the company located at Dangote Regional Office, Oluwole Ladipo Street, Off Oba Akran, Ikeja, Lagos,” according to a statement yesterday.

Bulk Pack Services Limited, which is affiliated to Dangote Group specialises in the manufacturing and supply of packages for major beverage companies like Dansa Foods Limited.

Dangote Group is a multinational industrial conglomerate in West Africa and one of the largest in the African continent. In 2015, the group generated revenue in excess of $3billion. It is the leading diversified business conglomerate in Africa with interests across in range of sectors in Africa including cement, sugar, flour, salt, pasta, beverages and real estate.



http://www.thisdaylive.com/index.php/2016/05/26/amcon-takes-over-sani-dangotes-asset/

kayfra:
Ha political witch hunting. Buhari is always going after our brothers in the SE. We are the best traders and the zoo is envious of our acumen.




It's called debt recovery in saner climes.

WebSurfer:


Bros, wetin you dey carry for class when you dey primary or secondary school

kayfra:


You obviously skipped some required classes. The ones where they taught your mates satire.

arresa:
AMCON Takes over Sani Dangote’s Asset

WebSurfer:

Just answer the simple question bros.

kayfra:
You are obviously not a very bright kid.

kayfra:
Ha political witch hunting. Buhari is always going after our brothers in the SE. We are the best traders and the zoo is envious of our acumen.




It's called debt recovery in saner climes.

roqchiq:
I don't care about political witch hunt or whatever. My question is, what did AMCON do when MTN was owing 1.3 trillion. What did the F.G do? Did they shut them down?? They pampered them and reduced their debt to a disgusting 50million. This is a company, owned by foreigners, who employ expatriates, and squeezes the living daylight out of Nigerians.
Then our own indigenous companies owes debt, when every sensible person knows that no entity is free of debt, and they are shut down, setting more individuals free in the ugly world of unemployment.

The one wey come pain me pass be say, some of us here are soo myopic, only yeye politics dey our brain. If we can only think.

roqchiq:
I don't care about political witch hunt or whatever. My question is, what did AMCON do when MTN was owing 1.3 trillion. What did the F.G do? Did they shut them down?? They pampered them and reduced their debt to a disgusting 50million. This is a company, owned by foreigners, who employ expatriates, and squeezes the living daylight out of Nigerians.
Then our own indigenous companies owes debt, when every sensible person knows that no entity is free of debt, and they are shut down, setting more individuals free in the ugly world of unemployment.

The one wey come pain me pass be say, some of us here are soo myopic, only yeye politics dey our brain. If we can only think.

Pavore9:
Will those dimmed minds also label this as witch hunt?