The federal high court sitting in Lagos, southwest Nigeria has ordered that all accounts belonging to former captain of the Super Eagles, Nwankwo Kanu and his company, The Hardley Apartments anywhere and in any bank or financial institution in Nigeria should be frozen pending the hearing of suit file against them In a bid to recover a debt of N924,788,754.56. Also affected by the other of the court is a Director of Hardley Apartment, Ayoola Gam-Ikon.
Read court proceedings below;
The order of the court was as a result of a debt recovery suit filed by Asset Management Corporation Of Nigeria (AMCON) against the defendants.
In an affidavit sworn to by a Credit officer in the Directorate of AMCON Mr Victor Igabor, filed and argued by Barrister Niyi Olopade, the deponent averred that sometime between May, 2008 and January 10,2011 Skye bank offered The Hardley Apartments engaged in business of Hospitality located at Plot 46 Waziri Ibrahim Crescent, Victoria island, Lagos a loan of N520,457,000.
The loan was secured by a mortgage on the company’s three blocks of 40 accommodation units estimated in open market value of N395million as well as unconditional personal, joint and several guarantee of Ayoola Gam-Ikon and Nwankwo Kanu.
The defendants failed to repay the loan with the accrued interest despite repeated demands, consequent upon which Skye bank Plc assigned the defendants indebtedness in the sum of N558,313,905.37 as at 1st April, 2011 to the AMCON as a toxic bank asset in line with the establishment objective of the said AMCON.
by ROTMANLUV 2023-07-08, 17:34
