Following the order of Justice Chuka Austine Obiozor of the
Federal High Court, Lagos, the Assets Management Corporation of
Nigeria yesterday took over two properties belonging to a former
Minister of State for Defence, Ademola Seriki, in Lagos and Abuja
over an outstanding staggering indebtedness of nearly N1bn.
Jude Nwauzor, Head, Corporate Communications, AMCON, in a
statement last night, said the properties were located at No. 1a
& 1b, Jalupon Close, Surulere, Lagos and No. 4, Djibouti
Crescent, a high-brow area of Wuse 2, Abuja.
He said the case between AMCON and Seriki ended up in court as
all efforts made by the corporation to resolve the issue peacefully
did not yield the desired result.
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