Asset Management Corporation of Nigeria (AMCON) and United Bank for Africa (UBA) has now moved to claim properties owned by Former Cross River State Governor, Donald Duke following a federal high court injunction. 

The order was pursuant to an ex parte application, brought before the court by AMCON and UBA. 

Chuka Obiozor, the presiding judge granted the judgement and empowered AMCON and UBA to gain control of all his bank accounts as well.

The property is situated at 3, Temple Road, Ikoyi in Lagos. 

The suit had Stonehedge Investment Limitedand Owanari Bob-Manuel Duke, his wife, listed as first and third defendants in the suit delivered August 8 of this month. 

Further Details: AMCON went ahead to demand possession and custody of the property which was included as collateral for the first respondent’s debt pending the period in which the debt will be recovered under Section 49 of the AMCON Act 2010. 

AMCON also asked for a judgment that will enable the court to gain possession of funds in Duke accounts and others until the time that the debt of N537,334,360.77 is recovered and the interest duly paid. This is in accordant to Section 50 of the AMCON 2010 act. 

Early this year, AMCON listed Babalakin, Ifeanyi UbaBuruji Kashamu and a host of others as debtors in a Nairametrics report. Empowered by Vice President, Yemi Osinbajo a special task force comprising the heads of AMCON, Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), Independent Corrupt Practices Commission (ICPC) and permanent secretaries of the Ministries of Justice and Transportation, were commissioned to recover the fund. 

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Tinapa Business Resort was named as one of those debts under Donald Duke’s Governorship tenure owing the sum of 36 billion as debt. In a recent interview granted by Senator Liyel Imoke, he described the former Governor’s project as a white elephant project, that put the state into debt. 

Reincarnated as a lover of stocks, Angel investors, seed funds, and anything aligned to tech or startups raising money, Joseph's work at Nairametrics involves following the money to wherever it leads. Before joining Nairametrics, he won an investigative journalism fellowship with ICIR, appeared in several national dallies, with hard-hitting opinions, features and investigative pieces. He has also engaged in content marketing and copywriting for a top e-commerce firm in Nigeria.


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