Olayiwola Oshunrinade Justice Mojisola Dada of a Lagos Special Offences Court, Ikeja, has ordered the arrest of the former Managing Director of Asset Management Corporation of Nigeria (AMCON), Ahmed Lawal Kuru, for his absence in court for his arraignment over alleged N76 billion fraud. The court had scheduled Tuesday for Kuru’s arraignment along with the […]
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AMCON has discontinued its lawsuit against Heyden Petroleum Limited, a company owned by Ogun State Governor, Dapo Abiodun. The organisation said this development puts an end to the legal proceedings between the federal debt recovery agency and the oil company. AMCON in an official statement, said Heyden Petroleum has demonstrated good faith by making payments […]
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A Federal High Court, Ikoyi, Lagos has granted the Asset Management Corporation of Nigeria (AMCON) an interim order to take over Heyden Petroleum Limited, a company owned by Ogun State Governor, Prince Dapo Abiodun, due to alleged insolvency issues. Also affected by the court’s verdict is Innovative Ventures Limited and Optimum Construction & Property Development […]
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