The Assets Management Corporation of Nigeria has taken over the Ibadan Electricity Distribution Company Ltd over its failure to pay debts. Ayodele, said in Thursday in the memo, that the company fell under receivership by a September 8, 2021 Federal High Court judgment.He explained the government corporation had appointed a lawyer to serve in the receivership action.
"AMCON, ; the court has appointed Mr Kunle Oqunba Esq.SAN to act as Receiver/ Manager Nominee in the receivership action.
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