AMCON TAKES OVER BUBA GALADIMA'S HOUSE AND COMAPANY OVER N900M DEBT

Asset Management Corporation of Nigeria(AMCON) took over a former ally of president Muhammadu Buhari, Galadima Buba's house and company on the order of an Abuja High Court, over N900m debt.

Head of Corporate communications, Jude Nwauzor released the statement on Tuesday 25,2020, he said Galadima owe AMCON N900m, a loan he obtained from them during the first phase of Eligible Bank Assets purchase from Unity Bank Plc in 2011.

Spokesman said:

"The laon was purchased during the first phase of Eligible Bank Assets Purchase from Unity Bank Plc in 2011. Since then,  AMCON has offered the obligor a good measure of olive branches and explored all avenues to resolve the matter amicably,  but the obligor and his company, Bedko Nigeria Limited have remained recalcitrant and unwilling to repay the Huge debt to the corporation. 

"The enforcement on the properties of Bedko Nigeria Limited and Alhaji Buba Galadima is one of the many others that would happen this year given the additional powers AMCON received from president Buhari late last year. 

"Recall that aside the fact that the Federal Government set up the Inter-Agency Committee on the recovery of AMCON debt, president Buhari also signed the 2019 amended AMCON  Act into law. The amendment gives AMCON additional powers to go after all obligors of the corporation no matter how highly placed in the society ".