A Federal High Court in Lagos has ordered that all accounts belonging to former Super Eagles captain, Nwankwo Kanu and his company, The Hardly Apartments be frozen pending hearing of suit filed for the recovery of over N9bn debt. Asset Management Corporation Of Nigeria, AMCON, had filed the suit against Kanu and his company in a bid to recover the debt the defendants are owning.
An affidavit by a Credit Officer of AMCON, Victor Igabor, argued by Barrister Niyi Olopade, shows that between May 2008 and January 10, 2011, Skye Bank Plc offered The Hardley Apartments located at Plot 46, Waziri Ibrahim Crescent, Victoria island, Lagos, a loan of over N5bn.
The affidavit said the company secured the loan through a mortgage on its three blocks of 40 accommodation units value at N395m which was guaranteed by the Director of the company, Ayoola Gam-Ikon and Kanu.
It stated that the defendants’ failure to repay the debt with the accrued interest put at N558,313,905.37 as at April 1, 2011 despite repeated demand led the bank to assigning the defendants indebtedness to AMCON as a toxic bank asset in line with the established objective of AMCON.
Igabor said the development was communicated to the defendants through Skye Bank Plc, adding that the defendants admitted to their indebtedness but asked that the contract assigned to AMCON be revoked. The account officer prayed the court to issue an interim order of possessing of all movable and immovable property known as Plot 46, Waziri Ibrahim Crescent, Victoria Island.
Granting the request of AMCON, the presiding judge, Justice Okon Abang, ordered that AMCON should in the interim possess all the movable and immovable properties known as Plot 46, Waziri Ibrahim Crescent, Victoria Island, Lagos. Abang also directed that all accounts of The Hardley Apartments as well as that of the defendants be suspended.
dailypost.ng/2015/12/12/nwankwo-kanus-accounts-frozen-over-alleged-n9bn-loan/

Is that y he was dancing like that on the star times Christmas advert? He must really need money this period. I hope he gets a massive endorsement soon. That guy is a living legend

Papilo what did u do with ds kain money?? And his banks didn't released his name as one of d debtor's

Ahhh. Papilo don broke? God forbid.

de money too big ooo.
Seun pls come & be the Referee

Op where did you get your figure from? It is #924m and not #9b.

yhemsy62:
Op where did you get your figure from? It is #924m and not #9b.

the op can lie

NigLasPresident:


the op can lie

no mind op jare

palladin:
Ahhh. Papilo don broke? God forbid.

Weytin be God forbid I don't wish Kanu bad thing o but make den sha take am easy wit him o

This is one of true Nigerian heroes. Its unfortunate his business is caught-up in a bad debt.

This is a Kanu that wrote off 3 Million pounds Portsmouth football club indebtedness to him April 2013. May God grace be with him in this trying time.

Igbo been hunted, namdi kanu said no matter what you do for Nigeria as an igbo they will never love u, hmm prophet namdi kanu

it can happen to anyone.

Papilo i know say one u go make us proud.

Me I think say that money na small amount to footballers abi dem no dey give all the big big money wey dem say dem dey collet for club.