Tobi Soniyi
Olajide-Awosedo, in the letter, said the companies were convinced that the value of the assets recovered from them was in excess of N40 billion, against a principal debt of N3.15 billion. He narrated how his father Chief Olajide Awosedo died as a result of the hardship he was subjected to by AMCON and how his widow was evicted while still mourning the death of her husband.
“We were also told that after adding N400 million in fees for the receiver manager, the total sum required to settle the account was N8.5 billion, we were also informed that AMCON could give a waiver of about N1-1.5 billion on this sum, with approval of the Central Bank of Nigeria . He reminded the AMCON managing director that it was the mandate of the organisation to destroy businesses, or make huge profits like banks, since the corporation is being funded from the public purse.
Olajide-Awosedo said he had earlier written to AMCON, making a definite proposal to settle the account before the corporation moved against his companies and relatives.He stated that by his companies’ estimation, the total assets taken from them by AMCON since July 16, 2017 were worth in excess of N40 billion, which he said, was more than adequate to settle any debt owed to the corporation.
“To my shock, I drove past the site recently and discovered that AMCON had destroyed the buildings on site, without the said valuation.”
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