The Asset Management Corporation of Nigeria (AMCON) has taken over the Abuja residence and company of Buba Galadima, a former ally of President Muhammadu Buhari, over “debts to the tune of N900 million”.
He said Galadima and Bedko Nigeria Limited, his company, owe AMCON nearly N900 million, obtained as loan during the first phase of Eligible Bank Assets purchase from Unity Bank Plc in 2011.
The spokesman said the order to take over the assets was granted by a federal high court in Abuja, with suit number FHC/ABJ/CS/1136/2019.
The properties taken over from Galadima in Abuja are located at 15, Addis Ababa crescent, Wuse zone 4, and 4, Bangui street, Wuse 2.
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