The obligor owes AMCON nearly N10 billion. AMCON purchased the Eligible Bank Assets (EBAs) sometime in 2011 from the defunct FinBank and Bank PHB. The order also affects Ibe’s Continental Aviation Services Limited. AMCON has since appointed Prof. Gbolahan Elias, SAN as Receiver/Manager.
At about 11:00am Friday, the Receiver/Manager took possession of the assets of Chief Ibe including Afrijet Plaza, the corporate head office of the airlines located on Sheraton-Opebi Link Road Ikeja, Opebi, Lagos; his asset at Plot 22, JimohOdutola Street, off Eric Moore Road, Surulere, Lagos as well as his office at the Airport. The Court order mandated the Receiver/Manager to also take over on behalf of AMCON and any other offices, branches, stores, warehouses, factories of Chief Ibe and his companies located and/or traced for the purpose of satisfying the indebtedness.
The poor masses of Nigeria who were expecting the fresh move by the members of the eighth National Assembly to review the 1999 Constitution in such a way that would stimulate the economic and political development of the country were shocked last Saturday when senators embarked on a process to appropriate a sizable portion of tax payers’ money to protect the interests of the principal officers of the National Assembly for life.
No fewer than 20 persons were reportedly killed after suspected militants invaded some villages in Imushin, a boundary community between Lagos and Ogun States.
Osun State Governor, Mr. Rauf Aregbesola
Do you think you’re a positive person? A positive mental attitude can improve your health, enhance your relationships, increase your chances of success, and add years to your life.