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5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure - Politics - Nairaland

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5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by Islie: 9:22pm On Sep 22, 2021
On Wednesday, the Assets Management Corporation of Nigeria (AMCON) seized some houses belonging to former Governor Abdulfattah Ahmed of Kwara State over a N5 billion debt.

There are several houses in the property located at No. 9A Abdulrazaq Street, GRA, Ilorin.

According to Jude Nwazor, spokesman of AMCON, the corporation seized the property as a result of the non-performing loans of the former governor and his companies from the former Intercontinental Bank, FinBank and Bank PHB.

He said all efforts to recover the debt from the former governor proved abortive until the corporation got justice in court.

Hon. Justice A.M. Liman ordered the freezing of the bank accounts of the former governor and his two companies including Trans Properties and Investment Limited and Trans It Consulting Limited in Suit No: FHC/L/AMC/01/2021.


Below are other properties listed for seizure:


LAGOS

No 13, Alhaji Masha Road, Surulere

No. 9 Wharf, Apapa.


ABUJA

Plot 3632, Cadastral Zone E27 of Apo

Plot 4115, Cadastral Zone F14 of Bazango

Plot 8502, Cadastral Zone E31 of Carraway Dallas

Plot 494, Cadastral Zone E31 of Carraway Dallas

Plot 719, Cadastral Zone E23 of Kyami, Abuja

https://dailytrust.com/revealed-five-houses-in-abuja-two-in-lagos-abdulfatahs-other-properties-marked-for-seizure

5 Likes 3 Shares

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by YeyeGbami: 9:24pm On Sep 22, 2021
This people go just acquire property like say they fit use everything. Greed!

94 Likes 4 Shares

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by FreeStuffsNG: 9:31pm On Sep 22, 2021
YeyeGbami:
This people go just acquire property like say they fit use everything. Greed!
You can buy as much property as possible with legitimate income.
The problem I see in his case is that he probably obtained loans from bank and defaulted.
The new AMCON law permits AMCON to take over any cash or/and asset you have even if you didn't pledge them as collateral. That AMCON 2021 both the executive under PMB and legislature under Sen Lawan partnered to birth is a revolutionary law and I pity anyone hoping to get bank loan and default, he or she will lose big time! Cash in other banks and assets anywhere in the country can be overtaken by AMCON once you default.


If you need free book on business ideas and money sources directory , check here https://www.nairaland.com/6666800/looking-business-ideas-money-fund

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Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by punisha: 9:42pm On Sep 22, 2021
To think that earlier today this criminal was Among those who was talking about making Nigeria better and promising to get rid of APC...

60 Likes 8 Shares

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by iCauseTrouble: 9:42pm On Sep 22, 2021
Good night. Let me just go and sleep shocked

2 Likes

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by Odidigboigbo(m): 9:42pm On Sep 22, 2021
I hope those properties were gotten before he becomes a politician. If the properties were gotten from Kwara cooking jar, there is nothing to lose.

7 Likes

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by Sonnobax15(m): 9:42pm On Sep 22, 2021
lipsrsealed

1 Like 1 Share

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by Patrioticman007(m): 9:42pm On Sep 22, 2021
Na dem, political pen robbers.

1 Like

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by Patrioticman007(m): 9:45pm On Sep 22, 2021
FreeStuffsNG:
You can buy as much property as possible with legitimate income.
The problem I see in his case is that he probably obtained loans from bank and defaulted.
The new AMCON law permits AMCON to take over any cash or/and asset you have even if you didn't pledge them as collateral. That AMCON 2021 both the executive under PMB and legislature under Sen Lawn partnered to birth is a revolutionary law and I pity anyone hoping to get bank loan and default, he or she will lose big time! Cash in other banks and assets anywhere in the country can be overtaken by AMCON once you default

The act is a double edge sword, for it will cripple legitimate business men, who default.
While real political pen robbers will be dealt with. However I suspect Nigerian bankers committee of bribing the national assembly for them to pass this evil Jewish Shylock shacks bill.
One of the most evil invention of mankind in this world is interest rate on loans

15 Likes 4 Shares

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by johnjay4u2u(m): 9:45pm On Sep 22, 2021
Thieves.
They should also probe the bank managers that grant such loans.

Thousands of young entrepreneurs go to same banks for loans and are rejected instantaneously.

12 Likes 1 Share

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by Zainabthegirl1(f): 9:48pm On Sep 22, 2021
With all the money they loot dey still dey owe people debt….they can never be contented

7 Likes

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by sammybest889(m): 9:48pm On Sep 22, 2021
Please don't make racist and tribalistic comments on this section (na nairaland warning)
First of all
1.e no go beta 4 anybody wey de use in positions 2 oppressed other's
2.thurder weyy dem never mix with rian na him go strike dis greedy politicians and their families
3. I happy say man u lose e no got betta 4 ole sojar
4.and lastly e no go beta 4 APC 4 pt us 4 dis long time suffering

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by seunaj: 9:48pm On Sep 22, 2021
5 billion private loan to do what?
If you are borrowing 5 billion you should know what to do with it to repay the loan. Quite unfortunate

1 Like

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by illicit(m): 9:49pm On Sep 22, 2021
The guy with the third force

Lmao

4 Likes 1 Share

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by liliandrew: 9:50pm On Sep 22, 2021
Ok na..meanwhile Pizza lovers here are the best Pizza Stores in Abuja https://www.nairaland.com/6766408/best-pizza-spots-abuja-opinion
Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by wwwihy: 9:50pm On Sep 22, 2021
punisha:
To think that earlier today this criminal was Among those who was talking about making Nigeria better and promising to get rid of APC...

3 Likes

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by realstars: 9:52pm On Sep 22, 2021
Looters Grid.
Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by Terrier99: 9:53pm On Sep 22, 2021
One in Kwara, 2 in Lagos, one 5 in Abuja

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Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by FreeStuffsNG: 9:54pm On Sep 22, 2021
Patrioticman007:


The act is a double edge sword, for it will cripple legitimate business men, who default.
Incidentally, it was targeted at folks like HE Abdulfatah Ahmed, not legitimate businesses.

Even the Deputy Senate President, Sen. Ovie Omo-Agege, hesitated that final day it was to be passed, when that revolutionary clause was read and some PDP Senators called for a review of that clause but some Senators stood their ground that day that the culture of Politicians killing banks must stop. Sen. Lawan played a fast one and called for a voice vote and immediately banged the gavel that the "ayes have it!" .

The Senate went into uproar and I felt very proud of the few senators and the Senate President that made sure that clause was not killed that day. That was how AMCON 2021 Act survived the sharks and made it to the desk of PMB who quickly assented it.

22 Likes 3 Shares

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by dfrost: 9:54pm On Sep 22, 2021
Civil servant? 7 houses? angry lipsrsealed shocked

These guys obviously have no conscience at all.

2 Likes

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by AntiBMC(m): 9:56pm On Sep 22, 2021
I'm not supporting this man...but this is just another case of pettiness on the side of this terr0rist govt.

They could have clamped down on him long ago but they chose to do it now because he talked ill of APC.

It's a clear indication that terrorists are really ruling this country. The ordinary ones are terrorizing people, the ones in govt are terrorizing anyone who dares oppose them.

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Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by ClassicMan202(m): 9:58pm On Sep 22, 2021
Sell the properties sharp sharp and recover the money before Nigerian factor go happen

1 Like

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by seunfly: 10:00pm On Sep 22, 2021
@Lexusgs430
@FreeStuffsNG
Bros those properties can't meet up with that 5 billion valuation judging by the ones in Abuja.

Kubwa, Apo resettlement and kiyami, honestly na scam. Those 3 properties can't fetch up 500 million in the market.
The annoying thing is that I'm very sure the guy has houses in a more valuable places in Abuja like Maitama, Asokoro, Guzape, Jabi, Wuse 2, Central area that will fetch the equivalent of the loan but they opted for valueless properties.

4 Likes 1 Share

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by seunfly: 10:00pm On Sep 22, 2021
FreeStuffsNG:
You can buy as much property as possible with legitimate income.
The problem I see in his case is that he probably obtained loans from bank and defaulted.
The new AMCON law permits AMCON to take over any cash or/and asset you have even if you didn't pledge them as collateral. That AMCON 2021 both the executive under PMB and legislature under Sen Lawn partnered to birth is a revolutionary law and I pity anyone hoping to get bank loan and default, he or she will lose big time! Cash in other banks and assets anywhere in the country can be overtaken by AMCON once you default
Those loans were not his own, Bukola Saraki took those loans with Shonga farm deal, used his influence through Sanusi to install his boy memud Alabi as the MD of intercontinental bank, buried the loan and cleared d debt. The loan case was reopend in 2013 when Saraki fought with PDP and it was used to punish him.

My problem with the guy is that he had made enough money since that time to repay the debt but he refused because those houses taken by Amcon put together can't equate the loan amount, I don't know of those in Lagos but the Abuja houses put together is not up to 2Billion.

Imagine imagine one house in Kubwa, gbazango layout which can't be more than 50 million, another one in Apo resettlement which can't be more than 200 million and the one in In kiyami which is still bush unless it is up to 50 hectares and above. If all this 3 houses can't be valued up 500 million, imagine the value of the remaining 5 houses.

5 Likes

Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by Lexusgs430: 10:01pm On Sep 22, 2021
Good news....
Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by MajorOvakporaye(f): 10:01pm On Sep 22, 2021
All na for 2023 elections. Failed country
Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by HRMK: 10:02pm On Sep 22, 2021
he refuses to pay back loan?he thinks its his share of national cake?
Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by Afoobawss: 10:02pm On Sep 22, 2021
FreeStuffsNG:
You can buy as much property as possible with legitimate income.
The problem I see in his case is that he probably obtained loans from bank and defaulted.
The new AMCON law permits AMCON to take over any cash or/and asset you have even if you didn't pledge them as collateral. That AMCON 2021 both the executive under PMB and legislature under Sen Lawn partnered to birth is a revolutionary law and I pity anyone hoping to get bank loan and default, he or she will lose big time! Cash in other banks and assets anywhere in the country can be overtaken by AMCON once you default
if we dy acquire make know wetin we dy acquire for cuz many no dy use full at the end
Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by Sirlins(m): 10:02pm On Sep 22, 2021
5 houses in Abuja owned by one person

Chaiiii
Re: 5 Houses In Abuja, 2 In Lagos… Abdulfatah’s Other Properties Marked For Seizure by michoim(m): 10:06pm On Sep 22, 2021
FreeStuffsNG:
You can buy as much property as possible with legitimate income.
The problem I see in his case is that he probably obtained loans from bank and defaulted.
The new AMCON law permits AMCON to take over any cash or/and asset you have even if you didn't pledge them as collateral. That AMCON 2021 both the executive under PMB and legislature under Sen Lawan partnered to birth is a revolutionary law and I pity anyone hoping to get bank loan and default, he or she will lose big time! Cash in other banks and assets anywhere in the country can be overtaken by AMCON once you default.


If you need free book on business ideas and money sources directory contacts, check here https://www.nairaland.com/6666800/looking-business-ideas-money-fund
I like that. A revolutionary law under a democratic governance. God bless PMB anti-corruption crusade...

4 Likes

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