• AMCON takes over company’s properties for alleged debt

    AMCON takes over company’s properties for alleged debt

    Following an ex parte order made by a Federal High Court, Lagos, the Asset Management Company of Nigeria (AMCON), has enforced the terms of the receivership of Esco Super Stores Limited and the individual liability of its managing director, Chief Lucky Jerry Esigie.

    The applicant, AMCON, had appointed Chief Robert Ohuoba (2nd applicant) the receiver manager, pursuant to section 48 (1) of the AMCON Act, 2010 in suit No: FHC/L/CS/457/16.

    The presiding judge, Mohammed Idris, after reading the affidavit in support of […]