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Nairaland Forum / Nairaland / General / Politics / Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt (32189 Views)
N537.3m Debt: AMCON Takes Over Donald Duke’s Ikoyi House / Donald Duke Releases 2019 Campaign Posters For Presidential Election / Donald Duke Sent On An Errand By His Wife - See Pictures (2) (3) (4)
Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Mrakeli: 6:59pm On Aug 21, 2019 |
The Federal High Court in Lagos has ordered the takeover an Ikoyi, Lagos property owned by former Governor of Cross River State, Donald Duke, over an alleged debt of N537,334,360.77. The court made the takeover order in an August 8, 2019 ruling by Justice Chuka Obiozor, ordering the Asset Management Corporation of Nigeria, AMCON and the United Bank for Africa, UBA to take possession. The order was pursuant to an ex parte application, marked, FHC/L/CS/1373/2019, taken before the judge by AMCON and UBA. Listed as first to third defendants were Stonehedge Investment Limited, Mr Donald Duke and Mrs Owanari Bob-Manuel Duke, respectively. The applicants had prayed the court for “an order of interim attachment, possession, and custody of the property being No. 3, Temple Road, Ikoyi, Lagos.” According to them, the property was mortgaged by Duke “as collateral in securing the 1st respondent’s indebtedness to the applicants.” The applicants also urged the court to grant them possession of the property “pending the institution and disposal of proceedings for recovery of debt against the respondent, pursuant to Section 49 of the Asset Management Corporation of Nigeria Act 2010 (as amended).” They prayed the court for an interim Mareva injunction to take possession of funds in the accounts of Duke and others in any bank “pending the institutional and disposal of proceedings for the recovery of a debt of N537,334,360.77 made up of the principal debt and interest against the respondents pursuant to Section 50 of AMCON Act 2010.” The judge granted the prayers, in addition to an order restraining the respondents from “transacting, transferring, changing or howsoever dealing in any manner or interfering with the applicants’ possession” of the Ikoyi property. The judge ordered AMCON and UBA to ensure service of substantive originating processes on the respondents within 20 days of the making of the order. He adjourned the case until September 2, 2019, PUNCH reports. https://www.pmnewsnigeria.com/2019/08/21/n537-3m-debt-court-orders-takeover-of-donald-dukes-ikoyi-property/amp/ 8 Likes 2 Shares
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Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by dynicks(m): 7:02pm On Aug 21, 2019 |
This people just wan finish us for this country.... Just milking the country anyhow via every opening.. Mouth oo! Ears oo! Nostrils o! Butt hole oo! Vjay hole oo! Sweat pore holes o! ND I see no mercy in sight!!....lots of vultures ND hyenas everywhere..! 41 Likes 3 Shares
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Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by skyblueking(m): 7:04pm On Aug 21, 2019 |
N537.3m debt?? The rich keep getting rich while the poor gets poorer... Nigeria jagajaga2 17 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by freeze001(f): 7:06pm On Aug 21, 2019 |
Ewo! Hope he can sort it out... I wonder though, does cross river not pay him ex-governor retirement benefits? He should have set up a payment plan and avoided judicial escalation/embarrassment. 8 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by opportunities12: 7:07pm On Aug 21, 2019 |
Imagine the level at which this nation is being milk dried by our politicians 19 Likes 2 Shares |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by trendymarseey(f): 7:07pm On Aug 21, 2019 |
kk 1 Like 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by hisexcellency34: 7:07pm On Aug 21, 2019 |
See the person who want to become Nigeria's President. He will just use debt to kill us finish 72 Likes 5 Shares
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Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Okoroawusa: 7:08pm On Aug 21, 2019 |
Them don collect Ben Bruce #11bn? 20 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by myfan: 7:08pm On Aug 21, 2019 |
Thieves everywhere 4 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Lexusgs430: 7:08pm On Aug 21, 2019 |
Good way forward............. 7 Likes 2 Shares |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Muyiwaipere(m): 7:08pm On Aug 21, 2019 |
As e don get issue with federal government ...... 3 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by captianfreeman(m): 7:08pm On Aug 21, 2019 |
Is OK like that. All those people living large on public funds should watch their back. 10 Likes 2 Shares |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by KanuSE: 7:08pm On Aug 21, 2019 |
Handsome thief. 13 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by qualityovenbake(m): 7:08pm On Aug 21, 2019 |
Hope the property is worth the money. 1 Like 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by MANNABBQGRILLS: 7:08pm On Aug 21, 2019 |
The Federal High Court in Lagos has ordered the takeover an Ikoyi, Lagos property owned by former Governor of Cross River State, Donald Duke, over an alleged debt of N537,334,360.77.Even Donald Duke, handsome bobo?! This is well over half a billion naira. It is most of these so called 'rich men' that are drawing our nation forward. Good one from the court. Donald pay your debt NOW! 14 Likes 3 Shares |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by MrWTF(m): 7:09pm On Aug 21, 2019 |
1 Like 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Commentor: 7:09pm On Aug 21, 2019 |
That property is massive. I guess these politicians depend solely on politics for their existence. 8 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by DevilhimseIf: 7:09pm On Aug 21, 2019 |
[s] KanuSE:[/s] 1 Like 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by oka4ugoo: 7:09pm On Aug 21, 2019 |
These are people who wants to be the President and Governors of States in this country. The likes of Ifeanyi Uba (Capital Oil dem) Bankrupt broke ass niggas na dem go enter seminars dey dish out bunkum in the name of motivational nonsense. Indeed Nigeria is hopeless. 25 Likes 2 Shares |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Nobody: 7:09pm On Aug 21, 2019 |
What did he do with the money 2 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Kylekent59: 7:09pm On Aug 21, 2019 |
See gbese, although he has the money. 3 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Mikreal4: 7:10pm On Aug 21, 2019 |
What happened to him 1 Like 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by haleymoon: 7:10pm On Aug 21, 2019 |
Nigeria is an unfortunate country to be 5 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by helinues: 7:11pm On Aug 21, 2019 |
Majority of billionaires in Nigeria are ordinary millionaires if they pay their banks debt and AMCON debts 17 Likes 3 Shares |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by MANNABBQGRILLS: 7:11pm On Aug 21, 2019 |
Mikreal4:Him owe gbese! 4 Likes 3 Shares |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by mrvitalis(m): 7:11pm On Aug 21, 2019 |
This is the simplest way to become a billionaire here First make some few billions anyhow Have some friends in the banks Float some stupid company Use the company as collateral and take more billions 5 times the company value ...find ur friend like 20% Leave the dead company for amcon float new ones and do the same thing Uncle jumor ibrahim and ifeanyi uba (this one no dey find the friend anything )are experts here 40 Likes 3 Shares |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by DameB(f): 7:12pm On Aug 21, 2019 |
. 1 Like 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by DameB(f): 7:13pm On Aug 21, 2019 |
What collateral do these guys use? 4 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Nobody: 7:15pm On Aug 21, 2019 |
Good God launch me into the realm of millions. 4 Likes 1 Share |
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by kennosklint(m): 7:15pm On Aug 21, 2019 |
ok 1 Like 1 Share |
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