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Nairaland Forum / Nairaland / General / Business / Court Orders AMCON To Take Over Guest House (11755 Views)
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Court Orders AMCON To Take Over Guest House by oswaggiee(m): 2:04am On Mar 10, 2017 |
Hon. Justice Babs O. Kuewumi of the Federal High Court Lagos Division has granted an injunction against Mustasons Guest House Limited on Ajose Adeogun Street, Victoria Island, Lagos on the application of Asset Management Corporation of Nigeria (AMCON). The court order, according to a statement, also restrained Alhaji Mustapha Aliyu Wushishi, the promoter of Mustasons Guest House Limited from the assets and properties of the guest house and another property situated at Plot 1111B, Amichi Close, Victoria Island, Lagos. Alhaji Wushishi and Mustasons Guest House Limited have been in court with AMCON over huge indebtedness of nearly half a billion naira. Justice Kuewumi, the presiding judge while granting the order on the application of Mr. Idowu Ibrahim, counsel to AMCON, restrained Mustasons Guest House Limited and Wushishi, their directors, staff, management, employers, agents, officers, privies or any other person or group of persons whatsoever under the respondents’ authority or any other authority (however derived or sourced) from tampering with, selling, leasing, removing from the jurisdiction of the court or dealing in whatsoever manner with the respondents’ assets/properties situate at Mustasons Guest House Plot 91, Ajose Adeogun Street, Victoria Island Lagos and Plot 1111B, Amichi Close, Victoria Island respectively owned by the respondents. “The court therefore granted AMCON (claimant/applicant) the powers to take possession of the assets/properties of Mustasons Guest House Limited and Alhaji Wushishi as listed in the order paper. Justice Kuewumi also ordered the freezing of all the identifiable and/or traceable accounts of the respondents either current, savings, fixed deposit, domiciliary, howsoever tagged with various banks and financial institutions both in Nigeria and abroad and a consequential order, mandating all the banks and financial institutions to furnish AMCON (through its solicitors) details of the respondent’s accounts domiciled with them within seven days of the service of the court order,” the statement added. Confirming that AMCON had taken over the assets and property since March 7, 2017, Head, Corporate Communications, AMCON, Jude Nwauzor, said: “The debt is long overdue and before we got to this stage we had patiently tried to resolve the matter without going to court; but as you can see all efforts by the Corporation to get the obligor to repay the indebtedness have proved abortive. Therefore having exhausted all avenues of peaceful resolution, there was no other option available to us than to commence enforcement action against Mustasons Guest House Limited and its promoter as provided under Section 49-52 of the AMCON Act.” READ MORE HERE http://kleeqers.com/forum/politics/3419-court-orders-amcon-to-take-over-guest-house |
Re: Court Orders AMCON To Take Over Guest House by yinkakani(m): 7:06am On Mar 10, 2017 |
*In British accent* You poor thing. Sorry bruv. In other news!!! FTC this is my first time ever and I dedicate this to myself, my great grandma that died in 2009, my Dad who has always been supportive of my dream of FTC, and to all members on Nairaland. . .Boooy. . .we are one big family. See you on another FTC 5 Likes |
Re: Court Orders AMCON To Take Over Guest House by Jeffrey12(m): 7:06am On Mar 10, 2017 |
ok |
Re: Court Orders AMCON To Take Over Guest House by obembet(f): 7:06am On Mar 10, 2017 |
Bubu must go 3 Likes 2 Shares
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Re: Court Orders AMCON To Take Over Guest House by Hawlahscho(m): 7:07am On Mar 10, 2017 |
I WANT TO SELL THIS SPACE. |
Re: Court Orders AMCON To Take Over Guest House by Flexherbal(m): 7:07am On Mar 10, 2017 |
"Alhaji Wushishi and Mustasons Guest House Limited have been in court with AMCON over huge indebtedness of nearly half a billion naira." |
Re: Court Orders AMCON To Take Over Guest House by Nobody: 7:08am On Mar 10, 2017 |
.... For those of you who are fond of borrowing money without paying back I DECREE AMCON will take over your destiny oya Christians shout AMEN!!! A RESOUNDING AMEN A. LA.LASTICLALA AMEN 2 Likes |
Re: Court Orders AMCON To Take Over Guest House by GentleYoung(m): 7:09am On Mar 10, 2017 |
Ok |
Re: Court Orders AMCON To Take Over Guest House by cbngov01(m): 7:09am On Mar 10, 2017 |
Cool Awon onigbese!....nice one AMCON |
Re: Court Orders AMCON To Take Over Guest House by oluwasegun007(m): 7:09am On Mar 10, 2017 |
abeg, Wats d work of AMCON 1 Like |
Re: Court Orders AMCON To Take Over Guest House by recievesense: 7:11am On Mar 10, 2017 |
oluwasegun007: loan recovery 1 Like |
Re: Court Orders AMCON To Take Over Guest House by KATAMOLE: 7:11am On Mar 10, 2017 |
Ok |
Re: Court Orders AMCON To Take Over Guest House by heavenhug: 7:11am On Mar 10, 2017 |
time to enjoy with borrowed money ,and time of going back to base zero |
Re: Court Orders AMCON To Take Over Guest House by oluwasegun007(m): 7:13am On Mar 10, 2017 |
recievesense: OK..tanx |
Re: Court Orders AMCON To Take Over Guest House by burkingx(f): 7:19am On Mar 10, 2017 |
obembet:..... ....Delicious Breakfast on Banana Tree
|
Re: Court Orders AMCON To Take Over Guest House by omowolewa: 7:21am On Mar 10, 2017 |
Guest House oweing 500 million Nigerian Naira? |
Re: Court Orders AMCON To Take Over Guest House by saint047(m): 7:32am On Mar 10, 2017 |
This is good news for Democracy |
Re: Court Orders AMCON To Take Over Guest House by Pavore9: 7:36am On Mar 10, 2017 |
Most of our "big men" have been flexing on top borrowed money. |
Re: Court Orders AMCON To Take Over Guest House by ednut1(m): 7:37am On Mar 10, 2017 |
Nigeria is truly a zoo like Kanu said. the so called rich pple go to different banks take loans without collateral use it to fund their yeye lifestyles. and one yeye Amcon comes to save the useless banks and transfer the burden to tax payers. nonsense |
Re: Court Orders AMCON To Take Over Guest House by fashionarena: 7:38am On Mar 10, 2017 |
For kidz birthday party planning..contact us 08084639432 |
Re: Court Orders AMCON To Take Over Guest House by seunfly: 7:39am On Mar 10, 2017 |
Alhaji wushishi, go and pay your debt or the property will be sold. |
Re: Court Orders AMCON To Take Over Guest House by sleazy5(m): 7:45am On Mar 10, 2017 |
Borrowing money and refusing and/or unable to pay is called corruption |
Re: Court Orders AMCON To Take Over Guest House by unofficial(m): 7:58am On Mar 10, 2017 |
oluwasegun007: To buy over the debts of corporations from various banks and seek for ways to get their money back. 1 Like |
Re: Court Orders AMCON To Take Over Guest House by unofficial(m): 8:04am On Mar 10, 2017 |
ednut1: Mr Ednut ihaff vexed! |
Re: Court Orders AMCON To Take Over Guest House by ednut1(m): 8:56am On Mar 10, 2017 |
unofficial:guy i don tire for dis una zoo 1 Like |
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