In a bid to recover a debt of N924,788,754.56, a Federal
high court in Lagos, has ordered that all accounts
belonging to former captain of the Super Eagles, Nwankwo
Kanu and his company, The Hardley Apartments
anywhere and in any bank or financial institution in
Nigeria be frozen pending the hearing of a suit filed
against him and his company.
The order of the court was as a result of a debt recovery
suit filed by Asset Management Corporation Of Nigeria
(AMCON) against the defendants . In an affidavit sworn
to by a Credit officer in the Directorate of AMCON Mr
Victor Igabor, filed and argued by Barrister Niyi Olopade,
the deponent averred that sometime between May, 2008
and January 10,2011 Skye bank offered The Hardley
Apartments engaged in business of Hospitality located at
Plot 46 Waziri Ibrahim Crescent, Victoria island, Lagos a
loan of N520,457,000.
The loan was secured by a mortgage on the company’s
three blocks of 40 accommodation units estimated in open
market value of N395million as well as unconditional
personal, joint and several guarantee of Ayoola Gam-
Ikon and Nwankwo Kanu. The defendants failed to repay
the loan with the accrued interest despite repeated
demands, consequent upon which Skye bank Plc assigned
the defendants indebtedness in the sum of
N558,313,905.37 as at 1st April, 2011 to the AMCON as a
toxic bank asset in line with the establishment objective
of the said AMCON . Mr Igabor averred further that,
this development was communicated to the defendants by
Skye bank who admitted their indebtedness but praying
that the assignment to AMCON be revoked.

► lalasticlala

The defendants’ indebtedness as at the 15th October
2015 stood at N924,788,754.56 representing principal
and interest while interest is still running. Consequently,
Igabor contended that The Hardley Apartments is in
imminent of being dissipated, therefore if the
application is not granted, Ayoola Gam-Ikon and
Nawankwo Kanu could dissipate the assets of the
company therefore urged the court to issue interim
order of possessing of all movable and immovable
properties known as Plot 46 Waziri Ibrahim Crescent,
Victoria Island.

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Source: http:///court-orders-kanu-nwankwos-accounts-frozen-over-n924m-debt

kano my brother

Last Days gbese o