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AMCON seizes assets of Deap Capital directors over N1.6b debt | The Guardian Nigeria News - Nigeria and World News

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Sequel to order by Justice C.J. Aneke of Federal High Court, Lagos Division, Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to 14 directors of Deap Capital Management and Trust Plc over N1.6 billion debt.

Justice Aneke gave the order on January 18, 2021, and towards enforcing it, AMCON went about putting the logistics together. On February 23, 2021, the corporation took effective possession of the seven properties as listed by the court, through its debt recovery agent – Etonye & Etonye.

AMCON spokesman, Jude Nwauzor confirmed that all the properties have been taken over by AMCON with the assistance of court bailiffs, among other officials of the law. AMCON, a debt recovery agency of Federal Government, had in July 2020, enforced on properties belonging to the promoter of the company, Emmanuel Ugboh, after offering him concessions and exploring all avenues to resolve the debt harmoniously, but to no avail.

 

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AMCON seizes assets belonging to directors of Deap Capital over N1.6 bn debtA statement says the decision followed an order of Justice C.J. Aneke of the Federal High Court, Lagos Division.
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