Following the order of Hon. Justice B.F.M. Nyako of the Federal High Court Asset Management Corporation of Nigeria (AMCON) has taken over Bao Yao Futurlex Iron & Steel Company Limited in Abuja and Bao Yao Huan Jian Iron & Steel, Calabar, Cross River State.
The Managing Director, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has disclosed that political officeholders including ministers and lawmakers (names withheld), are among the 350 Obligors that account for over 80 percent of the N5.5 trillion debts it inherited as a result of non-performing loans (NPLs) in the country.
Over 300 residents/families of Victory Park Estate sitting on about 33 hectares of land in Osapa London, along Lekki-Epe Expressway, Lagos have called on President Muhammadu Buhari to intervene over plans to evict them from their properties. Speaking with journalists in Lagos, their solicitor, Mr. Benjamin Atebe urged Buhari to call concerned authorities to…