AMCON seizes assets of Deap Capital Directors over N1.6bn debt
Following the order of Justice C.J. Aneke of the Federal High Court, Lagos Division, Asset Management Corporation of Nigeria (AMCON) has taken over belonging to 14 directors of Deap Capital Management and Trust Plc over an astounding indebtedness of N1.6bn.
Justice Aneke made the ruling on January 18, 2021 and in compliance with the enforcement order, AMCON went about putting the logistics together.
On Tuesday, February 23, 2021, the corporation took effective possession of the seven properties as listed by the court through its Debt Recovery Agent – Etonye & Etonye.
The properties include the ones situate at Plots 14, 15, 16 and 17 in Block 1B, Isolo-Ishaga Area, Mushin, Lagos State; Mile 3 Old Isheri Road, Ikeja, Lagos State; Plot 13, Block 65 Magodo Residential Scheme, Lagos State; No. 73, Femi Kila Street, Okota, Isolo, Lagos State; Plot 22, Block 91, Lekki Peninsula Residential Scheme, Lekki Area, Lagos; Government Land Allocation, Lekki Peninsula Scheme II, Lekki, Lagos State; and 2nd Avenue Estate Extension Ikoyi, Plot No. 11 Eti Osa LGA, Lagos State.