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N4bn debt: AMCON takes over investment company’s assets

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The Asset Management Corporation of Nigeria has taken over assets belonging to the chief promoters of Geedee Zulu Investment Limited, Frank Ezuma a...

The Asset Management Corporation of Nigeria has taken over assets belonging to the chief promoters of Geedee Zulu Investment Limited, Frank Ezuma and Lilian Ezuma, over indebtedness of over N4bn.

He said the takeover, which included property situated in Enugu and Anambra States, followed the order of Justice Hassan of the Federal High Court, Lagos division. AMCON, he reiterated, tried everything possible to let the obligor see reasons but noticed a deliberate disdain towards all previous engagements with the chief promoters of the company.

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