Following an order of Honourable Justice I. N. Buba of the Federal High Court Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over a huge indebtedness of over N2billion. Recall that AMCON, which is established to recover bad debt on behalf of the federal government of Nigeria has been in an endless court battle with Glano Nigeria Limited and its promoters since 2016 but had waited patiently till 2018. Having looked at the case in its entirety, especially regarding efforts…
Read MoreN2.4 BILLION DEBT: AMCON TAKES OVER ASSETS OF GLANO NIGERIA LIMITED
