AMCON Replies NICON Investment, Says Hotel for Sale

Asset Management Corporation of Nigeria has debunked what it described as the false advertorial, which was published in some leading newspapers on Monday, which claimed that NICON is not for sale.

According to him, the hotel is under a Receivership/Manager appointed by AMCON following a protracted court battle between AMCON and the trio of NICON Investment Limited, Global Fleet Oil & Gas Limited and Mr. Jimoh Ibrahim all of whom are defendants in suit No: FHC/L/CS/776/2016 for the recovery of N69.4billion debt owed AMCON.

and Mr. Jimoh Ibrahim together with appurtenances thereto and all moveable properties contained therein.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Investment in healthcare preparing Africa for next pandemic’ - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

Can Social Investment Programmes reverse Nigeria’s poverty trend?, By Uche IgweSocial protection programmes are useful but they are clearly insufficient to eradicate the depth of the poverty situation in Nigeria.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

FG Lauds Lulu's Investment In Youth Development, Assures FOSLA Academy Of SupportThe Federal government has applauded the proprietor of the FOSLA Academy and former president of Nigeria Football Federation (NFF), Alhaji Sani Abdullahi
Source: LeadershipNGA - 🏆 4. / 77 Read more »