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AMCON takes over property belonging to administrators of Deap Capital over N1.6 billion debt

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The Asset Management Corporation of Nigeria (AMCON) has disclosed that it has taken over property owned by administrators of Deap Capital Plc over a N1.6 billion debt.

AMCON revealed this in an announcement launched on Wednesday night, following an order by Hon. Justice C.J. Aneke of the Federal High Court, Lagos Division.

“Sequel to the order of Hon. Justice C.J. Aneke of the Federal High Court, Lagos Division, AMCON has taken over assets belonging to 14 Directors of Deap Capital Management and Trust Plc. over an astounding indebtedness of N1.6bn,” AMCON stated.

AMCON additional revealed that Justice Aneke made the ruling on January 18, 2021, citing that in compliance with the enforcement order, the Debt Asset restoration agency began placing logistics collectively for the operation, together with seizing actual property property within the Mushin, Magodo, Isolo and Lekki elements of Lagos.

“Yesterday, the Corporation took effective possession of the seven properties as listed by the Court through its DRA – Etonye & Etonye,” it stated.

“The properties include property situate at Plots 14, 15, 16 and 17 in Block 1B, Isolo-Ishaga Area, Mushin, Lagos State; Mile 3 Old Isheri Road, Ikeja, Lagos State; Plot 13, Block 65 Magodo Residential Scheme, Lagos State; No. 73, Femi Kila Street, Okota, Isolo, Lagos.

“Plot 22, Block 91, Lekki Peninsula Residential Scheme, Lekki Area, Lagos; Government Land Allocation, Lekki Peninsula Scheme II, Lekki, Lagos State; and 2nd Avenue Estate Extension Ikoyi, Plot No. 11 Eti Osa LGA, Lagos State,” AMCON additional said.

What you must know 

  • Nairametrics reported earlier that DEAP Capital Management and Trust Plc (DEAPCAP) had introduced the appointment of Mrs. Anastasia Braimoh, and a couple of others into its Interim Management Team (IMT).
  • The appointment adopted the resignation of the corporate’s Board of Directors on thirty first of December, 2020. In lieu of this, the Securities and Exchange Commission (SEC) appointed an Interim Management Team on the twenty ninth of January, 2021, to supervise the affairs of the corporate.

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