Connect with us

N537m Debt: Court Discharges Order Against Donald Duke After Settlement With AMCON




N537m Debt: Court Discharges Order Against Donald Duke After Settlement With AMCON

The Federal High Court in Ikoyi, Lagos, has discharged the order granted to the Asset Management Corporation of Nigeria to take over the property of former governor of Cross River State, Donald Duke.

AMCON and the United Bank for Africa had secured an ex-parte order to take over the former governor’s property over the debt of N500m.

Justice Nicholas Oweibo on Wednesday discharged the order based on the settlement terms filed and moved by AMCON’s legal team.

Juliet Benson told the court that Duke had fulfilled the terms of the settlement and both parties had agreed to it.

She then urged the court to adopt the terms of settlement as the judgment of court.

Counsel to Duke, Edoigiawerie uyi, confirmed that his client had shown good faith by making payment of over N350m, which the parties all agreed to.

Justice Oweibo, in his short ruling, granted the terms of the settlement and entered it as full and final judgment, adding that all orders in the case stands discharged.

Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More in News

Trending Posts

Like Our Facebook Page

Disclaimer do not claim ownership of any of the contents that we upload and any copyright infringement complaints will be executed immediately!

It is our policy to honor all take-down requests!

If You Feel Your Rights Are Being Infringed Upon, Send mail us:

To Top
Social Media Auto Publish Powered By :