Following an interim order of a federal high court in Lagos, the Asset
Management Company of Nigeria (AMCON) through its appointed
receiver/manager, Chief Robert Ohuoba has taken over the business,
trading activities and all fixed and floating assets of firms belonging
to a former governor of Kogi State, Idris Wada over an alleged unpaid
debt.
The affected firms are Tampetro Nigeria limited and International
Logistic & fulfillment services limited. Apart from Wada, other
directors of the companies are Abubakar Shehu Tambuwal, James Zubairu
and Zalihatu Abubakar Shehu.
The order was sequel to a motion exparte filed by AMCON counsel, Ohuoba
urging the court to freeze accounts of all the defendants.
In his decision, Justice Mohammed Yunusa also attached the debt due or
accruing from all the defendants and froze all their accounts anywhere
and in any financial institution in the name or belonging to the
defendants and that all financial institution served with the order
shall comply by filing at the Registry of the federal high court
affidavits showing cause and serving same on the claimant’s legal
practitioner and all monies found in any account standing in the credit
of the defendants shall be transferred to the nominated account of the
Claimant.
The judge ruled: “That an interim order granting the claimant possession
of all that properties, movable and immovable, comprising buildings,
fixtures, vehicles and any other chattels howsoever described belonging
to the defendants, pending the hearing and determination of debt
recovery proceeding / claims form to be filed by the claimant in
accordance with Asset Management Corporation of Nigeria Act 2010 is
granted.”
The court also directed the 3rd to 6th defendants who are directors of
the 1st defendant to depose to a declaration of all their fixed and
floating assets anywhere in Nigeria within the Jurisdiction of the
Federal High Court under oath and file same at the Registry of the
Federal High Court within seven days of the service of the order on
them.
Also, the court ordered the Inspector General of Police or the
Commissioner of Police of all the States of the Federation to assist the
Bailiffs and/or Deputy Sheriff of the court to enforce the orders.
Title : AMCON Takes Over Firms Belonging to Ex-Kogi Gov Idris Wada, Over Alleged Debt
Description : Following an interim order of a federal high court in Lagos, the Asset Management Company of Nigeria (AMCON) through its appointed ...
