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AMCON takes possession of Kwara ex-Governor mansion over N5bn debt

By Idowu Abdullahi

The Asset Management Corporation of Nigeria (AMCON) has disclosed that it has takeover a mansion belonging to the immediate past Governor of Kwara State, Abdulfatah Ahmed, over his alleged five billion naira debt.

The asset management body explained that the seizure of the property located at Abdulfatah Street, GRA, Ilorin, the Kwara state capital, was sequel to an order by Justice A.M Liman of the Federal High Court, Lagos State.

The AMCON Head, Corporate Communications Department, Jude Nwauzor, said that aside the property currently in its possession, the agency has also traced nine other properties belonging to the ex-governor in Kwara, Lagos and Abuja

According to hi, the properties include houses at 13, Alhaji Masha Road, Surulere; No. 9 Wharf, Apapa, Lagos; Plot 3632, Cadastral Zone E27 of Apo, Abuja; Plot 4115, Cadastral Zone F14 of Bazango, Abuja; Plot 8502, Cadastral Zone E31 of Carraway Dallas, Abuja; and Plot 494, Cadastral Zone E31 of Carraway Dallas, Abuja.

Through a statement on Wednesday, the agency’s spokesperson noted that AMCON took over the palatial mansion of the former two-time governor of Kwara State over a staggering indebtedness of nearly N5bn.

He added that Justice Liman after the ruling also 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.

“The former governor who is one of the founders of the newly established third force in Nigerian politics known as the Rescue Nigeria Project is one of the high-profile obligors of AMCON. Despite holding one of the highly exalted political offices in the land, he remained recalcitrant over the repayment of his obligation.”

“AMCON has also taken over the non-performing loans of the former governor and his companies, Trans Properties and Investment Limited and Trans It Consulting Limited, from the former Intercontinental Bank, FinBank and Bank PHB during the first phase of EBA purchases, in line with its mandate under the AMCON Act.

“All efforts to peacefully resolve the loan had been frustrated by the former governor who remained recalcitrant, which left AMCON no other choice but to seek justice in court,” the statement said.

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