Properties belonging to Senator Abdulafatai Buhari have been seized by the Asset Management Corporation of Nigeria, AMCON over a debt of N600 million.
Senator Buhari, through his company, Abadat ventures secured a loan from Guaranty Trust Bank (GTB) and rebuffed several reminders to repay the loan.
AMCON, in a statement on Wednesday, signed by its spokesperson, Jude Nwauzor, the seizure of Buhari’s assets was in line with an order by Justice I. E Ekwo of the Federal High Court, Abuja.
READ ALSO: REVEALED: How Buhari Administration Reportedly Funded Adamu Garba’s App, Crowwe
The statement read in part, “Sequel to the order of Honourable Justice I. E Ekwo of the Federal High Court, Abuja, AMCON has taken over assets belonging to Alhaji Buhari Abdulfatai, Chief Promoter of Abadat Ventures Limited over-indebtedness of almost N600m.”
Justice Ekwo made the ruling on March 25, 2021, and in compliance to the enforcement order, AMCON on Friday, June 18, 2021, took effective possession of two properties belonging to Senator Buhari.
The properties seized are both situated in Abuja.
Victor Boniface of Bayer Leverkusen will miss "a few games" following his return from international…
ABUJA–On Friday, the Federal High Court in Abuja placed 109 suspected foreign hackers who tried…
Enugu State Government has commended the Government of the Republic of Finland for the arrest…
The International Criminal Court has issued arrest warrants for Israeli PM Benjamin Netanyahu and former…
The Nigerian Electricity Regulatory Commission has mandated a downgrade of Band A category customers if…