Law

N924m Debt: Court slams N30,000 fine on Kanu for stalling proceedings

Justice Chukwujekwu Aneke of a Federal High Court in Lagos has slammed a fine of N30, 000 on a former Nigeria International, Kanu Nwakwo and his hotel, Hardley Apartment, for stalling the scheduled hearing of debt recovery suit brought against them by the Asset Management Corporation of Nigeria (AMCON).

 

AMCON had dragged Hardley  Apartment, its Director, Ayoola Gam- Ikon and Kanu, before the court in a suit marked FHC/L/CS/1635/2015, over alleged debt of N924.7 million.

 

At the last hearing of the matter, Hardley Apartment and Kanu’s lawyer, T. A. Idelegbagbon, told the court that she is withdrawing all motions earlier filed in response to the suit in 2017. Responding, AMCON’s lawyer, Jayes Ujah, while raising objection to Idelegbagbon’s request sought for imposition of fine on the respondents for filing frivolous motions.

 

He said he had already filed his response to the processes sought to be withdrawn. The lawyer also asked the court to dismiss all new processes filed by the respondents on the ground that they contained facts that were earlier admitted to.

 

After listening to the submissions of parties, Justice Aneke while conceding to the respondents’ request for withdrawal of the motions also slammed a fine of N30, 000 on them for stalling further  hearing in the matter.

 

The judge ordered Kanu and his hotel to pay the money before January 20, 2022, when further hearing in the matter is expected to resume. AMCON had in 2015 dragged Hardley Apartment, its Director, Gam-Ikon and Kanu before the court in its bit to recover alleged debt owed Sky Bank.

 

In an affidavit in support of the suit deposed to by a Credit Officer, Victor Igabor, AMCON said between May 2008 and January 2011, Skye Bank offered Hardley Apartments a loan of N520,457,000. It alleged that the hospitality firm based in Victoria Island, Lagos could not repay the loan.

 

The respondents’ indebtedness as at October 15, 2021 was said to be N924,788,754.56, representing principal and interest. In December 2015, following AMCON’s application, Justice Okon Abang granted an order freezing the accounts of the former Super Eagles’ captain and Hardley Apartments. AMCON, which bought over the loan, told the court that if the restraining order was not granted, the company’s assets could be dissipated.

 

The order, which was to subsist pending the determination of the suit, followed AMCON’s bid to recover the debt. However, following the transfer of Justice Abang, to another jurisdiction of the court, the matter was reassigned to Justice Aneke.

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica