AMCON: We are in Court with Kanu Nwankwo over Debt

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In a statement released yesterday, The Asset Management Corporation of Nigeria (AMCON) said it has exhausted all peaceful moves to resolve the alleged debt owed the corporation by the former Captain of the Super Eagles and Promoter of the Hardley Apartments; Kanu Nwankwo. The Corporation also said that it obtained an order from the Federal High Court in 2015 which gave the Corporation, permission to take possession of The Hardley Apartments located at No. 46 Waziri Ibrahim Crescent, Off Elsie Femi – Pearse Crescent, Off Adeola Odeku Street, Victoria Island, Lagos State.

The statement read in part: “AMCON is not in the habit of joining issues with obligors on the pages of the newspapers especially when the matter is in court as in this one. However, as a law abiding recovery agency of the Federal Government of Nigeria, we are at all times guided within the confines of the law and would continue to act accordingly”.

The corporation further said that there are false reports about the debt which are meant to mislead the public on the true position of the debt to the corporation. The public is hereby notified to disregard these misrepresentations while awaiting  the pronouncement of the court on the matter.

“We also want to put on record that having exhausted all avenues of peaceful resolution as a result of the huge debt, AMCON in 2015 obtained an order from the Federal High Court, which gave the Corporation permission to take possession of The Hardley Apartments located at No. 46 Waziri Ibrahim Crescent, Off Elsie Femi – Pearse Crescent, Off Adeola Odeku Street, Victoria Island in Lagos State. This order still subsists, pending the determination of the substantive matter”.