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.
President Bola Tinubu has urged Nigerians to renew hope and belief in a prosperous Nigeria.…
The Abia State Government has officially launched the compensation process for individuals, corporate entities, and…
Rivers State Governor, Siminalayi Fubara, has approved the sum of ₦100,000 for civil servants, public…
Arising from his defeat at the Constitutional Court in the disputed presidential election, the opposition…
As Christians worldwide prepare to celebrate Christmas, Sir Chikwe Udensi, a security consultant with the…
Human rights lawyer and activist, Dele Farotimi has regained freedom after meeting his bail conditions.…