Saturday, September 30, 2023
  • Home
  • Connecting with Vanessa
  • Entertainment
  • Fashion & Beauty
    • Celebrity Style Crush
  • Lifestyle
  • News & Politics
    • International News
  • Relationship Beliefs
    • Connecting with Vanessa
    • Heartthrob
  • Religious Beliefs
  • HOME
  • NEWS
    • News
    • crime
    • Education
    • Health
    • International News
    • Naija News
    • Odd News
    • Politics
    • Sports
  • FASHION
    • Accessories
    • Beauty
    • Celebrity Style Crush
    • Foreign fashion
  • RELATIONSHIPS
    • Connecting with Vanessa
    • Hookups
    • Love & Marriage Tips
  • LIFESTYLE
    • Career Talks
    • Fitness
    • Food & Wine
    • Tourism
    • Weddings
  • RELIGIOUS BELIEFS
  • BUSINESS
  • EVENTS
No Result
View All Result
VON DIGEST
  • HOME
  • NEWS
    • News
    • crime
    • Education
    • Health
    • International News
    • Naija News
    • Odd News
    • Politics
    • Sports
  • FASHION
    • Accessories
    • Beauty
    • Celebrity Style Crush
    • Foreign fashion
  • RELATIONSHIPS
    • Connecting with Vanessa
    • Hookups
    • Love & Marriage Tips
  • LIFESTYLE
    • Career Talks
    • Fitness
    • Food & Wine
    • Tourism
    • Weddings
  • RELIGIOUS BELIEFS
  • BUSINESS
  • EVENTS
No Result
View All Result
VON DIGEST
No Result
View All Result
Home Business

Industrialist Petition Senate, AGF, Over Seizure of Properties By AMCON

Vanessa by Vanessa
November 25, 2020
in Business
0
Industrialist Petition Senate, AGF, Over Seizure of Properties By AMCON
19
SHARES
105
VIEWS
FacebookSTwitterLinkedinWhatsAppTelegram

Industrialist Petition Senate, AGF, Over Seizure of Properties By AMCON

 

You might also like

Union Bank Unveils Annual CSI Report: Driving Inclusive Growth; Impacting Lives, Enabling Success

Hackaholics Digital Summit 2023: Wema Bank Launches Africa’s Largest Gathering Of Innovators, Disruptors, Regulators, Policymakers, Investors & Customers In The Digital Space

Mayor of Houston Texas endorses Fidelity Bank’s Trade Expo (FITCC)

Legal practitioner and business man Oreye Livingstone has petitioned the Attorney General of the Federation (AGF) and the Senate Committee on Banking, Insurance and other Financial Institutions over seizure of his properties by a government agency.

The petition signed by Ovie Edomi, media consultant to Oreye and made available to journalists on Monday accuses AMCON of threat over a matter currently at the supreme court.
According to the petition, the case brought by Peace Global Satellite Communication owned by Oreye is currently at an Abuja Federal High Court which is set to deliver Ruling on 24/11/2020.
Three motion brought before it by an ex-parte order secured by Asset Management Company Of Nigeria (AMCON).
Oreye in the statement says his two housing properties and business premises were sealed with 15 heavily armed Policemen in attendance while his private residence was also taken possession of.

“AMCON Receiver is threatening us to move out of the property. This is even happening when the matter which has dragged on for years is now before the Supreme Court until AMCON recently went to secure an ex-parte order from an Abuja Federal High Court, ” the petition reads in part.

Findings reveals that Oreye through his company Peace Global/ Peace Hotels limited in 2004 borrowed N 178 million to supplement the rolling out of wired phone. Out of the N178m borrowed, the sum of N162 million was paid back, remaining a balance of N16m on principal. There was a thunderstorm that destroyed the Peace Global Satellite Communications network, a development that made WEMA bank to attempt selling the collateral used to secure the loan but Peace Global went to court in 2009 claiming that WEMA Insurance Brokers failed to process their thunderstorm claim for 2 years. This matter we also gathered was already in court before the creation of AMCON but according to Oreye, WEMA Bank misrepresented to AMCON that balance on principal was N240m which made AMCON to buy the loan for N123m. According to the petition, compilation of records was done by all parties including AMCON on June 16, 2020. Thereafter the records were transmitted on June 19, 2020 to Supreme Court while brief of Argument has since been filed.

Oreye however plead that AMCON should be called to order requested the suit at Federal High Court Abuja be withdrawn and let parties pursue their remedies at Supreme Court.

Related

Tags: #AGF#AMCON#SupremeCourt
Vanessa

Vanessa

I'm a journalist and relationship columnist. Nigeria Media Merit (NMMA) 1st Runner Up Award Recipient. I'm passionate about arts, entertainment,marriage, religion and politics. I love giving back to society.

Related Posts

Union Bank Unveils Annual CSI Report: Driving Inclusive Growth; Impacting Lives, Enabling Success
Business

Union Bank Unveils Annual CSI Report: Driving Inclusive Growth; Impacting Lives, Enabling Success

by Vanessa
September 27, 2023
Agusto Upgrades Wema Bank Funding SPV Series II Bond to ‘Bbb+’, with a Stable Outlook
Business

Hackaholics Digital Summit 2023: Wema Bank Launches Africa’s Largest Gathering Of Innovators, Disruptors, Regulators, Policymakers, Investors & Customers In The Digital Space

by Vanessa
September 20, 2023
Mayor of Houston Texas endorses Fidelity Bank’s Trade Expo (FITCC)
Business

Mayor of Houston Texas endorses Fidelity Bank’s Trade Expo (FITCC)

by Vanessa
September 20, 2023
Polaris Bank announces New ‘Save & Win’ Promo, commits Millions of Naira in Prize Money to Nigerians 
Business

Polaris Bank Partners EAS, Funds Training of over 1000 Nigerian SMEs on Export to US, Europe

by Vanessa
September 15, 2023
Ogun CP Visits Aare Adetola EmmanuelKing, Commends PCRC’s Role In Combating Crimes
Business

Ogun CP Visits Aare Adetola EmmanuelKing, Commends PCRC’s Role In Combating Crimes

by Vanessa
September 14, 2023
Next Post
Industrialist Petition Senate, AGF, Over Seizure of Properties By AMCON

Court Dismisses AMCON's Ex-parte Order

Sponsored

Get Started

Read News in:

  • Beauty
  • Business
  • Career Talks
  • Celebrity Style Crush
  • crime
  • Education
  • Entertainment
  • Events
  • Fashion
  • Fitness
  • Food & Wine
  • Foreign fashion
  • Health
  • International News
  • Lifestyle
  • Love & Marriage Tips
  • Naija News
  • News
  • Odd News
  • Politics
  • Relationship Beliefs
  • Religious Beliefs
  • Sports
  • Tourism
  • Uncategorized
  • Weddings

Follow Us

Tweets by vondigest
Von Digest

VON Digest is a cross border news and magazine website for trending news, beauty and fashion, lifestyle and relationships talks..

Learn more

Categories

  • Beauty
  • Business
  • Career Talks
  • Celebrity Style Crush
  • crime
  • Education
  • Entertainment
  • Events
  • Fashion
  • Fitness
  • Food & Wine
  • Foreign fashion
  • Health
  • International News
  • Lifestyle
  • Love & Marriage Tips
  • Naija News
  • News
  • Odd News
  • Politics
  • Relationship Beliefs
  • Religious Beliefs
  • Sports
  • Tourism
  • Uncategorized
  • Weddings

About This Site

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Use

Recommended

PHOTOS: Aragbiji of Iragbiji, Oba Abdul-Rasheed Ayotunde Olabomi Commends Adron Homes Project at Iragbiji 
News

PHOTOS: Aragbiji of Iragbiji, Oba Abdul-Rasheed Ayotunde Olabomi Commends Adron Homes Project at Iragbiji 

September 28, 2023
Union Bank Unveils Annual CSI Report: Driving Inclusive Growth; Impacting Lives, Enabling Success
Business

Union Bank Unveils Annual CSI Report: Driving Inclusive Growth; Impacting Lives, Enabling Success

September 27, 2023
President Macron Listens To Primate Ayodele’s Warnings, Withdraw Troops From Niger Republic
News

President Macron Listens To Primate Ayodele’s Warnings, Withdraw Troops From Niger Republic

September 26, 2023
Ejiogu Condemns Imo Attack, Says Two Wrongs Don’t Make a Right
News

Ejiogu Condemns Imo Attack, Says Two Wrongs Don’t Make a Right

September 22, 2023

© 2020 VON Digest - All Rights Reserved

No Result
View All Result
  • Home
  • Connecting with Vanessa
  • Entertainment
  • Fashion & Beauty
    • Celebrity Style Crush
  • Lifestyle
  • News & Politics
    • International News
  • Relationship Beliefs
    • Connecting with Vanessa
    • Heartthrob
  • Religious Beliefs

© 2020 VON Digest - All Rights Reserved