Lagos Court Freezes All Kanu Nwankwo Bank Accounts Over N924M Unpaid Debt

Published 4 years ago by: Daniel Bosai
[1] 2
at 07:14 PM, 11/12/2015 (4 years ago)

(17572 | Hero) (m)

In a bid to recover a debt of N924,788,754.56, a Federal high court sitting in Lagos, has ordered that all accounts belonging to former captain of the Super Eagles, Nwankwo Kanu and his company, The Hardley Apartments anywhere and in any bank or financial institution in Nigeria should be frozen pending the hearing of a suit filed against him and his company.



Also affected by the other of the court is a Director of Hardley Apartment, Ayoola Gam-Ikon.

The order of the court was as a result of a debt recovery suit filed by Asset Management Corporation Of Nigeria (AMCON) against the defendants.

In an affidavit sworn to by a Credit officer in the Directorate of AMCON Mr Victor Igabor, filed and argued by Barrister Niyi Olopade, the deponent averred that sometime between May, 2008 and January 10,2011 Skye bank offered The Hardley Apartments engaged in business of Hospitality located at Plot 46 Waziri Ibrahim Crescent, Victoria island, Lagos a loan of N520,457,000.

The loan was secured by a mortgage on the company’s three blocks of 40 accommodation units estimated in open market value of N395million as well as unconditional personal, joint and several guarantee of Ayoola Gam-Ikon and Nwankwo Kanu.

The defendants failed to repay the loan with the accrued interest despite repeated demands, consequent upon which Skye bank Plc assigned the defendants indebtedness in the sum of N558,313,905.37 as at 1st April, 2011 to the AMCON as a toxic bank asset in line with the establishment objective of the said AMCON.

Mr Igabor averred further that, this development was communicated to the defendants by Skye bank who admitted their indebtedness but praying that the assignment to AMCON be revoked.
The defendants’ indebtedness as at the 15th October 2015 stood at N924,788,754.56 representing principal and interest while interest is still running.

Consequently, Igabor contended that The Hardley Apartments is in imminent of being dissipated, therefore if the application is not granted, Ayoola Gam-Ikon and Nawankwo Kanu could dissipate the assets of the company therefore urged the court to issue interim order of possessing of all movable and immovable properties known as Plot 46 Waziri Ibrahim Crescent, Victoria Island.

An order attaching the debt due from Hardley Apartments as well as debts accurring from the defendants jointly and severally and freezing all accounts belonging to the defendants jointly and severally in any bank or financial institution in Nigeria.

The presiding judge, Okon Abang while acceding to the request of AMCON, ordered that, AMCON shall in the interim possess all the movable and immovable properties known as Plot 46 Waziri Ibrahim Crescent, Victoria Island, Lagos.

That in the interim the debt due or accruing from the Hardley Apartments as well as the debts accruing from the defendants jointly and severally and freezing all accounts belonging to the defendants jointly and severally anywhere and in any bank and any financial institution in Nigeria are hereby attached pending the hearing of this suit.

The matter has been adjourned for hearing.

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uuuuuuuu at 07:24 PM, 11/12/2015 (4 years ago)
(306 | Upcoming) (m)

May God see him true
Reply
Anny01 at 07:31 PM, 11/12/2015 (4 years ago)
(1699 | Gistmaniac) (m)

This is so much money mehn!
Reply
bennieben at 07:48 PM, 11/12/2015 (4 years ago)
(1018 | Gistmaniac) (m)

I don't believe dis! That moni too big mehn..
Reply
gogoman at 08:07 PM, 11/12/2015 (4 years ago)
(31816 | Addicted Hero) (m)

they will have to write this N924,788,754.56 off as BAD DEBT!!!  my guy no fit pay back
Reply
Powerfulify at 08:15 PM, 11/12/2015 (4 years ago)
(1645 | Gistmaniac) (m)

Kanu pls settle with them  n avoid all these  media disgrace ok.
Reply
freethinker at 09:06 PM, 11/12/2015 (4 years ago)
(5202 | Gistmaniac) (m)

WE ARE WAITING AND WATCHING
Reply
kp45 at 09:28 PM, 11/12/2015 (4 years ago)
(10314 | Hero) (m)

This na money o
Reply
winace at 09:31 PM, 11/12/2015 (4 years ago)
(30152 | Addicted Hero) (f)

Leave KANU alone o. He is not a thief like ur politicians.
Reply
elchymo at 09:36 PM, 11/12/2015 (4 years ago)
(22529 | Addicted Hero) (m)

But all the money these politicians are stealing everyday, court will not say let them freeze their account to recover the stolen money, na hardworking people dem go sabi freeze dia account.
Reply
Oworen25 at 09:56 PM, 11/12/2015 (4 years ago)
(12234 | Hero) (m)

This Kanu is a humble player as I know, what could have want wrong with him all this while that he couldn't pay all this bill. I pray that he should be able to encounter all his problems.
Reply
taung89 at 11:15 PM, 11/12/2015 (4 years ago)
(702 | Upcoming) (m)

Quote from: oworen obong on 09:56 PM, 11/12/2015
This Kanu is a humble player as I know, what could have want wrong with him all this while that he couldn't pay all this bill. I pray that he should be able to encounter all his problems.
you see your life check your comment well if you pass or fail because of monthly 10Naira even if na dog die you must comment
Reply
gogoman at 11:27 PM, 11/12/2015 (4 years ago)
(31816 | Addicted Hero) (m)

@taung89 ... you are a bad man HA HA HA HA
Reply
nonix22001 at 11:44 PM, 11/12/2015 (4 years ago)
(345 | Upcoming) (m)

hmm, big man wahala. make i dey sip my garri jejeli b4 e go rise
Reply
yemoma at 01:31 AM, 12/12/2015 (4 years ago)
(873 | Upcoming) (m)

Free Kanu Abeg.
Reply
DrSoba at 05:05 AM, 12/12/2015 (4 years ago)
(5076 | Gistmaniac) (m)

See gbese.
Reply
Zadok1 at 07:08 AM, 12/12/2015 (4 years ago)
(638 | Upcoming) (m)

Quote from: Anny Etok on 07:31 PM, 11/12/2015
This is so much money mehn!
Because he is an Ibo man
Reply
elchymo at 07:26 AM, 12/12/2015 (4 years ago)
(22529 | Addicted Hero) (m)

Quote from: oworen obong on 09:56 PM, 11/12/2015
This Kanu is a humble player as I know, what could have want wrong with him all this while that he couldn't pay all this bill. I pray that he should be able to encounter all his problems.
How can somebody pray to encounter his problems? Huh? Huh?  Na wa for English language oo
Reply
DAMILARE100 at 08:54 AM, 12/12/2015 (4 years ago)
(4822 | Gistmaniac) (m)

That is business for you, he will surely pay back as agreed in the contracts........ Most of business men in the world venture into such, so it shouldn't be seen as a bad thing for the industrious Kanu.
Reply
DAMILARE100 at 08:59 AM, 12/12/2015 (4 years ago)
(4822 | Gistmaniac) (m)

Quote from: mr gogo on 08:07 PM, 11/12/2015
they will have to write this N924,788,754.56 off as BAD DEBT!!!  my guy no fit pay back
.....poverty at the highest order.....the money is less than $5m. It's less than what our politicians spend in a week so don't get shocked with the figure.
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