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Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt (32191 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)

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Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Sirseedorf(m): 8:13pm On Aug 21, 2019
Even his kidney when auctioned, cannot be up to his debt.


This people can take loan anyhow but can't return the money loaned. But when a poor man need just 50k to finance his business they won't grant him or if he fails to payback at the given period their will be threatening life out of him anyhow.
this country is doomed especially when you're poor .
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Grundig: 8:18pm On Aug 21, 2019
I'm surprised duke is broke despite being chummy with Otedola, dangote. Plus he Is a former governor.
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Yoighaman(m): 8:21pm On Aug 21, 2019
mrvitalis:
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

Lol...badt guy.
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Staro: 8:37pm On Aug 21, 2019
opportunities12:
shocked

Imagine the level at which this nation is being milk dried by our politicians


Na wa for you oo .... did you read the story?
Oga, how has a personal loan from UBA turned to milking the nation?
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Lifestone(m): 8:45pm On Aug 21, 2019
myfan:
Thieves everywhere
Did you read at all?
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Dinsulator(m): 9:40pm On Aug 21, 2019
U guys are just starting

Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by BuddhaPalm(m): 10:12pm On Aug 21, 2019
Indebtedness is not a crime.

He borrowed against his house and the thing probably didn't bear fruit.

1 Like

Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by tot(f): 10:17pm On Aug 21, 2019
Grundig:
I'm surprised duke is broke despite being chummy with Otedola, dangote. Plus he Is a former governor.

So...it's become an expectation and the norm for governors to steal enough to tide them over after their tenure ends?
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Nobody: 10:25pm On Aug 21, 2019
hisexcellency34:
See the person who want to become Nigeria's President. He will just use debt to kill us finish

Well said brother. He mortgaged Cross rivers state.
The Tinapa , Marina resorts and Obudu cattle ranch are good initiatives but how many people patronise those places yearly?
During my youth service in 2016, i visited those places and was blown away. Need i tell you Cross rivers state government are still repaying the loan he took to set up those resorts after he left government 12 years ago.
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by 9jaRealist: 12:13am On Aug 22, 2019
muyiwaadekunle1:


Well said brother. He mortgaged Cross rivers state.
The Tinapa , Marina resorts and Obudu cattle ranch are good initiatives but how many people patronise those places yearly?
During my youth service in 2016, i visited those places and was blown away. Need i tell you Cross rivers state government are still repaying the loan he took to set up those resorts after he left government 12 years ago.

Was he supposed to run them in perpetuity as well?
He built the physical assets, and his successors should market them.
>

1 Like

Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by IJEYdiamond(f): 12:14am On Aug 22, 2019
Hmmmm

Some crystallize zombies will see this and still call people that speak the truth Children of little comprehension...

Elders that dont want the youths to be Elders other than Slaves for the rest of their lives.

Its well with Nigeria...
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by 9jaRealist: 12:15am On Aug 22, 2019
KINI BIG DEAL?!

Dude took a loan collateralized by his property...
He failed to pay the loan and bank seizes the property.

Happens everyday, and twice on weekends!
>
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Nobody: 12:36am On Aug 22, 2019
Muyiwaipere:
As e don get issue with federal government ......
This is a bank issue. Dt debt is the hard earned savings of millions of Nigerians kept wt UBA. If these rich vultures keep defaulting on their debt, who will suffer when the bank collapses.
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Nobody: 12:43am On Aug 22, 2019
helinues:
Majority of billionaires in Nigeria are ordinary millionaires if they pay their banks debt and AMCON debts
Exactly. This was the nonsense sanusi tried to eradicate when he was shutting down overleveradged banks then, as cbn governor.
Some of the chairmen/board of directors of these banks were just siphoning money to their friends. He ensured dt d unserviced debts they found were not just written off but transferred to amcon for recovery, then he made sure many bank board members were removed & the defaulters prosecuted. So many unlawful practises going on in dt banking industry. Those are the reasons he stepped on a lot of politicians toes. Thieves!
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by mukthar2000(m): 4:06am On Aug 22, 2019
This is one of the lazy youths we talking about ,and is planning to become Nigeria president abiii, thanks Justice Chuka Obiozor,

Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Grundig: 4:11am On Aug 22, 2019
tot:


So...it's become an expectation and the norm for governors to steal enough to tide them over after their tenure ends?
Far from it. But it won't be out of place. This is Nigeria after all.

My point is, politics in Nigeria is the exclusive right of Nigerians who have attained a certain level of comfort.
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by Iddfx: 7:27am On Aug 22, 2019
Donald my wise guy....una no reach. Just get a banker to value a 10m property as 500m.get the money and allow the dept to go bad.the banks takes d house on default....jackpot for the borrower.heeheeeheee....e pain u there
Re: Court Orders Takeover Of Donald Duke’s Ikoyi Property Over N537.3m Debt by sukar886: 8:29am On Aug 22, 2019
our leaders are so wicked and heartless, they only care about their family, look at the kind of money and property the are looting, while poor masses die everyday.... too bad

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