A Federal High Court in Lagos on Wednesday cleared a former Cross River State governor Mr Donald Duke of his N537,334,360.77 debt to Asset Management Corporation of Nigeria (AMCON) after he paid N350 million as final settlement.

The court discharged its August 21 interim order which had permitted AMCON and the United Bank for Africa (UBA) to seize Duke’s properties and funds in his accounts.

Justice Nicholas Oweibo cleared Duke following settlement terms filed and moved by AMCON’s legal team from Benson Reeds Legal Practitioners, Abuja.

AMCON counsel, Mrs Juliet Benson, told the judge that Duke had fulfilled the terms of the out-of-court settlement and both parties had agreed to the terms.



“I hereby pray the court to adopt the terms of settlement as the judgment of court,” Benson said.

Duke’s counsel, Mr Edoigiawerie Omoruyi confirmed that his client had “shown good faith by promptly making the payment of over N350m which parties all agreed to.

Read Also: I’ll pay my N537m debt in 12 hours, Duke begs court
“I join my colleagues in praying the court to enter our terms of settlement as the full and final judgment of court.”

In a bench ruling, Justice Oweibo upheld their prayers.

The judge added: “All orders in the case stands discharged.”

AMCON had on August 8 sealed off Duke’s Ikoyi home following the interim order.

Justice Oweibo, on September 3, upheld Duke’s prayer and adjourned till September yesterday, for a report of settlement, after Duke promised to pay off the debt.

Stonehedge Investment Ltd, Duke and his wife, Owanari Bob-Manuel Duke, were first to third defendants in the suit.

https://thenationonlineng.net/n537m-debt-court-clears-duke-after-n350m-payment/amp/

Rubbish! So what about the N187 Million balance? Yet, they'll jail the common man for stealing bread and other petty items.

Everything about the Nigerian system reeks of corruption. The air we breathe, the water we drink. the land we walk, the clothes we wear, the food we eat... I mean everything, all and all about Nigeria is CORRUPT!

Okay

He tried!

OK...

See more here:

https://thickmatch.com/n537m-debt-court-clears-duke-n350m-payment/

Nice one

Freemanbobble:
Okay

coutinue

E remain davido

Who will pay the rest?

Duke is the coolest ex governor. Dont quote me.

If Atiku son of cumrruption was president he would have said free Duke my guy

Tinubu sef

Case settled.

big man, big problem

Nice

Professor Nwanbueze: Peter Obi!

Peter Obi: Yes daddy

Professor Nwanbueze: Oya quickly take me out of here before the final judgment.

Peter Obi: But why daddy?

Professor Nwanbueze: Are u alright at all? Can't u see that Atiku is not cumming again? Abi u wan follow chop disgrace

Somebody has extra 350M just lying around in checking account that can be used to clear a small problem. Sweet Jesus

This man is one of the very few former governors who did not loot our treasury
otherwise he wouldn't have found himself in this condition.

remababy2:
A Federal High Court in Lagos on Wednesday cleared a former Cross River State governor Mr Donald Duke of his N537,334,360.77 debt to Asset Management Corporation of Nigeria (AMCON) after he paid N350 million as final settlement.

The court discharged its August 21 interim order which had permitted AMCON and the United Bank for Africa (UBA) to seize Duke’s properties and funds in his accounts.

Justice Nicholas Oweibo cleared Duke following settlement terms filed and moved by AMCON’s legal team from Benson Reeds Legal Practitioners, Abuja.

AMCON counsel, Mrs Juliet Benson, told the judge that Duke had fulfilled the terms of the out-of-court settlement and both parties had agreed to the terms.



“I hereby pray the court to adopt the terms of settlement as the judgment of court,” Benson said.

Duke’s counsel, Mr Edoigiawerie Omoruyi confirmed that his client had “shown good faith by promptly making the payment of over N350m which parties all agreed to.

Read Also: I’ll pay my N537m debt in 12 hours, Duke begs court
“I join my colleagues in praying the court to enter our terms of settlement as the full and final judgment of court.”

In a bench ruling, Justice Oweibo upheld their prayers.

The judge added: “All orders in the case stands discharged.”

AMCON had on August 8 sealed off Duke’s Ikoyi home following the interim order.

Justice Oweibo, on September 3, upheld Duke’s prayer and adjourned till September yesterday, for a report of settlement, after Duke promised to pay off the debt.

Stonehedge Investment Ltd, Duke and his wife, Owanari Bob-Manuel Duke, were first to third defendants in the suit.

https://thenationonlineng.net/n537m-debt-court-clears-duke-after-n350m-payment/amp/

Lol...Nigeria is finished...but if na me owe microfinance money Dem go seize my property if I no pay finish

Ok

All you needed to do not to ask about the balance was read or even scan through the news.

So if AMCON non hold the guy for brocus, he for non pay?

YorubaKing:
Rubbish! So what about the N187 Million balance? Yet, they'll jail the common man for stealing bread and other petty items.

Everything about the Nigerian system reeks of corruption. The air we breathe, the water we drink the land we walk, the clothes we wear, the food we eat... I mean everything, all and all about Nigeria is CORRUPTION!

9ja! What are they teaching people?












Anyways I sell cheap and super neat laptops with free delivery and pay on delivery.

Details on signature.

Hmmmmmmm, so you get one ₦350m yet you no pay debt of less than ₦550m? That might not have been upto such amount if you had not default in payment

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