The Asset Management Corporation of
Nigeria (AMCON) on Friday took over the assets of Afrijet Airlines Ltd, owned
by Chief Vitalis Ibe, over an unpaid debt of almost N10 billion.
Mr Jude Nwauzor, Head, Corporate
Communications, AMCON, said the takeover was based on an interim injunction
granted against the airline by Justice Chuka Obiozor of the Federal High Court,
Lagos Division.
“The obligor owes AMCON nearly N10 billion.
AMCON purchased the Eligible Bank Assets (EBAs) sometime in 2011 from the
defunct FinBank and Bank PHB.
“The order also affects Ibe’s
Continental Aviation Services Ltd., AMCON has since appointed Prof. Gbolahan
Elias (SAN), as Receiver/Manager. ”
The statement also said that the
receiver/manager at about 11a.m on Friday simultaneously took possession of the
assets of Ibe including Afrijet Plaza, the corporate head office of the
airlines.
According to the statement, the
office is located on Sheraton-Opebi Link Road Ikeja, Opebi, Lagos.
The receiver also took over the
obligor’s asset at Plot 22, Jimoh Odutola St., off Eric Moore Road, Surulere,
Lagos, as well as his office at the Airport.
“The Court order mandated the
receiver/manager to also take over on behalf of AMCON and any other offices,
branches, stores and factories of Ibe.
“And his companies located and/or
traced for the purpose of satisfying the indebtedness,” the statement added.
Nwauzor said the court restrained Ibe
and his companies from operating or tampering with the funds in his bank
accounts under whatever name or guise in any bank or financial institution in
Nigeria.
The statement said the court directed
the Inspector General of Police to assist Elias in the enforcement of its
orders, adding that no incident was however recorded during the enforcement
exercise.
“AMCON, under the leadership of Mr
Ahmed Kuru, had recently increased the tempo of its recovery activities.
“And was going after some of its 400
obligors whose total debts account for more than N4.5 trillion,’’ the statement
added.
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