By Patrick Obia A former Cross River State Governor Donald Duke on Monday told a Federal High Court in Lagos that he would pay his N537,334,360.77 debts to Asset Management Corporation of Nigeria (AMCON) in less than 12 hours. Duke, through his Counsel, Mr. Edoigiawerie Omoruyi, told Justice Nicholas Oweibo that he had approached AMCON
By CrossRiverWatch Admin A Federal High Court sitting in Lagos has ordered the Asset Management Corporation of Nigeria, AMCON and United Bank for Africa to take over an Ikoyi, Lagos property of former governor of Cross River State, Mr Donald Duke, over an alleged N537,334,360.77 debt. Vanguard Newspaper reports that, Justice Chuka Obiozor, made the
by crossriverwatch admin Ongoing negotiations between the Cross River State government and the Asset Management Company of Nigeria (AMCON) over its investment in the Tinapa Business and Leisure Resort may hit a brick wall following disagreement between the two. The negotiations according to reliable sources have broken down owing to the refusal of the Cross
by crossriverwatch admin The recent decision by the Cross River State government to enter into a debt buy-back deal to transfer its controlling interest in Tinapa Business and Leisure Resort in Calabar to the Assets Management Corporation of Nigeria (AMCON) has generated mixed reactions. In this interview, our Correspondent asked the Secretary of the National