Connect with us

News

AMCON Seizes Oduah’s Assets over N20bn Debt .

Published

on

The Asset Management Corporation of Nigeria has taken over Sea Petroleum Oil & Gas Ltd. and other assets belonging to Senator Stella Oduah-Ogiemwonyi over a debt of about N20bn.AMCON said the takeover followed an injunction granted by Justice M.S. Hassan of the Federal High Court, Lagos, against the Sea Petroleum Oil & Gas Ltd.

The corporation, in a statement by its Head, Corporate Communications, Jude Nwauzor, on Friday said that Oduah-Ogiemwonyi had been having a running battle with AMCON over her “inability to settle her huge debt of nearly N20bn.”
The statement said that AMCON purchased the Eligible Bank Assets of Sea Petroleum & Gas from Union Bank Plc sometime in 2012.

It said that in spite of overtures and genuine efforts made by AMCON to reach an amicable settlement, the senator and her co-promoters had been uncooperative.

“Having xhausted all avenues of peaceful resolution of the humongous debt, AMCON had no other choice than to refer the matter to court,” the statement said.

It said that the order also affected the senator’s other business interests, for which AMCON had since appointed Moyosore Jubril Onigbanjo (SAN) as receiver over the assets of Oduah-Ogiemwonyi; Sea Petroleum Oil & Gas; Sea Petroleum and Gas FZE as well as Star Tourism and Hotels Ltd.

The statement said that the court also ordered the freezing of the funds of Sea Petroleum & Gas and its affiliated companies and principal promoters, held anywhere by any entity or persons in Nigeria.It also authorised AMCON and its receiver, Onigbanjo, to take over all assets pledged as collateral for the facility by Sea Petroleum Oil & Gas Ltd.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Celebrities

DNA SAGA: Actor Yomi Fabiyi Writes Mohbad’s Widow; Wumi Aloba

Published

on

Dear Wunmi,

A DNA CAN BE REQUESTED BY MOHBAD’S FAMILY

I share in your family’s pain in the loss of Mohbad. May God forgive his sins. I am writing you based on the prolonged arguments on the issue of DNA concerning Mohbad’s son and ongoing investigation into the actual cause of his death.

The following reasons are why you can be compelled for a DNA TEST by Mohbad’s family:

i) From the look of things, Mohbad’s death is tilting towards “HOMCIDE” owing to events that happened in the last 48 hours before the singer d1ed. The coroner inquest is an investigation and needs closure before charges.

ii) In a saner cline, those around the deceased, those who tampered with the active crime scenes, are SUSPECTS and should have been taken in for questioning, which include you.

iii) If there is evidence/accusation of infidelity around the time of conception against you or re-occuring domstic violnce (and no clear reasons for conflicts), chances are the cause is due to paternity Only a DNA test can vindicate you, dear. It’s your advantage.

iv) if Liam will inherit the late singer’s estate and the likely cause of his muder is within the house, the family as a legally interested party can ask you honourably or through the court to conduct a DNA before you can be allowed custodian of their son’s properties on behalf of LIAM, etc. Moreso, the DNA will help investigators narrow their drag nets. NO ONE SHOULD OBSTRUCT POLICE or CORONER’S INVESTIGATION.

v) Mohbad, in an unverified audio released, equally accused you of wanting to kll him. No one knows if it is the normal couples’ fight or if it was due to any other sensitive issue.

vi) Anything that will bring clarity, absolve you of any wrongdoing, erase suspicion around you, get justice for Mohbad should interest you,including a DNA TEST.

vii) Your continued back and forth is an attempt to infuriate members of the public and pitch irrates youths against the Police and government. No sooner, people will conclude that someone powerful is shielding you. And that person can’t be more powerful than a determined masses.

Continue Reading

News

JUST IN: “I Know That Liam Is My Grandson, I Don’t Doubt It, But Wunmi Should Do The DNA For The Sake Of Nigerians To Know That Liam Is Mohbad’s Son” — Baba Mohbad Says

Published

on

Continue Reading

News

Harvard University To Hosts Apostle Joshua Selman

Published

on

Harvard University’s Center for the Study of African Societies and Economics (CSASE) is set to welcome Apostle Joshua Selman, the esteemed founder of Koinonia Global Ministries, for a compelling lecture titled “The Role of Religion in Resilient Societies: Lessons from Africa’s Development Journey.”

Scheduled for Tuesday, March 26th, 2024, from 12:00pm to 1:30pm, the event will take place at the renowned Harvard Divinity School. Apostle Joshua Selman’s lecture promises to shed light on the vital role of religion in shaping resilient societies, drawing from Africa’s unique developmental trajectory.

Attendance requires registration due to the exclusivity of the occasion. Following the lecture, attendees will have the opportunity to participate in a reception aimed at fostering deeper engagement and dialogue.

Harvard University invites all interested individuals to join Apostle Joshua Selman for an enlightening conversation that seeks to challenge perceptions and inspire new insights into the relationship between faith and social progress.

Continue Reading

Trending