Following the order of Justice Chuka Austine Obiozor of the Federal High Court, Lagos, the Assets Management Corporation of Nigeria took over two properties belonging to a former Minister of State for Defence, Ademola Seriki, in Lagos and Abuja over an outstanding staggering indebtedness of nearly N1billion.
Jude Nwauzor, Head, Corporate Communications, AMCON, in a statement on Monday, November 18th said the properties were located at No. 1a & 1b, Jalupon Close, Surulere, Lagos and No. 4, Djibouti Crescent, a high-brow area of Wuse 2, Abuja.
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He said the case between AMCON and Seriki ended up in court as all efforts made by the corporation to resolve the issue peacefully did not yield the desired result.
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