Justice A. T. Mohammed of The Federal High Court, Abeokuta Division, Ogun State, has granted an injunction against Gateway Portland Cement Limited and Dr. Olumuyiwa Odegbami on the application of the Asset Management Corporation of Nigeria.

Consequent upon the court order, AMCON said its receiver, Mr. Charles Adeogun-Phillips, had formally taken possession of Gateway Portland Cement factories and facilities located in Abeokuta and Mowe areas of Ogun State over a debt profile of nearly N3bn, according to a statement by the corporation on Friday.

The debt has been a subject of litigation for some time now.

The court restrained the firm and its promoters, their agents and privies from moving into the company, withdrawing money from or with any bank or financial institutions that hitherto did business with it pending the hearing and determination of the suit to be filed by the applicants for the recovery of the outstanding debts.

The order also restrained Gateway Portland Cement and the promoters by themselves, their agents, servants and, or their privies from interfering with or otherwise obstructing or frustrating the AMCON-appointed receiver in performing his duties.

Gateway Portland Cement and its promoters were directed to deliver to the receiver manager all the charged assets of the firm in their possession forthwith.

To ensure that the court order is carried out as directed, Justice Mohammed directed the Inspector General of Police, the Assistant Inspectors General of Police and Commissioners of Police in charge of any location where the pledged assets of the firm might be found to assist the bailiff and the AMCON receiver, Adeogun-Phillips, in the enforcement of the order.

http://investorsking.com/court-orders-amcon-take-gateway-portland-cement/

FTC dedicated to the person below me for hitting the nail directly on the head

NASO. Welcome to nigeria. rich man goes to bank to collect loan from his padis(bank management), no collateral. uses loan to fund lavish lifestyle, loan goes bad. bank cries to CBN/amcon. Amcon take over the loan (the nation/tax payer bears the loss. must be cool to be rich tho. In this pic below is former skye bank chairman who was disposed (not arrested or tried, he is chilling) after giving loans to many of his friends company and others owned by him. Now CBN has taken over SKye bank and he walks free . i love Nigeria mehn

.

AMCON should also take over Nigeria
A nation without President.
From Recession to Depression.

From PdP to apc

Waiting for those that claim witch-hunting and ethnic persecution.

AMCON taking over ppl business is alright

You WON'T hear Yorubas crying witch hunt now. If it were the OTHER people (ifeanyi uba folks),it would have been collosal wailings and threats up and down.......it is well!

One of the victims of Dangote Cement

The business environment in Nigeria is just crazy. Good thing I can be crazy too.

all in this jungle called naija.

when are they going to take over Dangote group I heard he owned them billions ...Government of the north for the North and by the North

It's a pity that Gateway Portland Cement being one of the market leaders in the cement industry in the past now find themselves in this financial struggle. It shows the business environment is strict. Anyway, it is well.

Narldon:
Am about to send you a classified document somebody in ASO Rock smuggled out.

Our country is in deep trouble. Am so touched and in deep sadness I just have to share wit u before going to be...

Pls also find time to pray.

Pls be careful because it's a classified document


Delete after reading please.


Password is 4448

This is the oldest lie in the book.

NEPA dey give me the impression say I don relocate from 9ja.

tiger28:
You WON'T hear Yorubas crying witch hunt now. If it were the OTHER people (ifeanyi uba folks),it would have been collosal wailings and threats up and down.......it is well!

Chief waiver, did Ifeanyi Ubah collect loan?

Ok

Na wa oh cement no move ni wey these people no fit pay.

Narldon:
Am about to send you a classified document somebody in ASO Rock smuggled out.

Our country is in deep trouble. Am so touched and in deep sadness I just have to share wit u before going to be...

Pls also find time to pray.

Pls be careful because it's a classified document


Delete after reading please.


Password is 4448

Chai I was convince @ first you be ehn plenty bananas fall on you

kenbee:
AMCON should also take over Nigeria
A nation without President.
From Recession to Depression.

quit exhibiting your foolishness. There was recession but there was no recession. Even the US has higher rate of recession than Nigeria. No big deal. We are out of it now. Illiterate

Narldon:
Am about to send you a classified document somebody in ASO Rock smuggled out.

Our country is in deep trouble. Am so touched and in deep sadness I just have to share wit u before going to be...

Pls also find time to pray.

Pls be careful because it's a classified document


Delete after reading please.


Password is 4448

lol madt woman

ELKHALIFAISIS:
when are they going to take over Dangote group I heard he owned them billions ...Government of the north for the North and by the North

You hear ba?
OK prove it?

hasyak:

You hear ba? OK prove it?

how should I , when Nigeria government is a family business

ELKHALIFAISIS:
when are they going to take over Dangote group I heard he owned them billions ...Government of the north for the North and by the North

SO long as you are servicing your debt according to the terms and conditions agreed by the creditor and you the debtor....AMCON has no business with you.

Besides, a Dantata was taken over by AMCON.....so what's all them Northern business.?

9jakohai:


SO long as you are servicing your debt according to the terms and conditions agreed by the creditor and you the debtor....AMCON has no business with you.

Besides, a Dantata was taken over by AMCON.....so what's all them Northern business.?

we heard it was taken over by AMCON , are u there when they sealed dantata group bros forget this media war, until I see him begging in the street then will I believe you, we don't have billions in Nigeria , the ones we had made their billions at expense of you and me

I almost thought am a James Bond cast.

OLUJOSHINS:



This is the oldest lie in the book.

Hmmm, please when are they taking over EEDC?

chigoizie7:
Hmmm, please when are they taking over EEDC?

very soon