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| Senator Stella Oduah |
AMCON
had, through a court order, seized several property belonging to companies under
Sea Petroleum Oil and Gas Group Limited
and placed under receivership. The property in question are E29 and 31E Fat Oboh street Millennium Homes, Oniru
Private Estate Lagos as well as F3B, F4A, F4B, F5A, F5B SPG Road, Millennium
Estate, Oniru Lekki Lagos State. They form part of the assets of Sea Petroleum
Oil and Gas Group Limited seized by AMCON after an interim order by a Federal
High Court, Lagos.
In the
suit filed at the Federal High Court, Lagos, AMCON is seeking to recover a ₦20
billion debt allegedly owed by Star Petroleum. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
It had purchased the Eligible Bank Assets (EBAs) of Sea Petroleum & Gas
Limited from Union Bank Plc sometime
in 2012. It therefore secured an injunction freezing the accounts of Sea
Petroleum & Gas Limited everywhere in Nigeria.
The
court order also authorized AMCON and its receiver, Moyosore Jubril Onigbanjo, to take over all assets pledged as
collateral for the facility by Sea Petroleum Oil & Gas Limited. But Union Homes Savings and Loans Plc filed
an application praying the federal high court to join it in the ongoing suit
between AMCON and Oduah’s company.
The
mortgage lender through its lawyer claimed that some of the properties seized
by AMCON were used as by Stella Oduah, Star Properties and five of its
directors to secure various mortgage loans between December 2009 and November
2010 amounting to ₦385, 750,000. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The application claimed that despite several loan restructuring arrangements
and interest waivers made to encourage the borrowers to pay up, they remain
indebted to the company till date.
Union
Homes is therefore arguing that the property used by the borrowers as
collateral ought to be forfeited to it and not to AMCON. In the application,
Union Homes Savings and Loans averred that it is entitled to the protection of
its proprietary interest in the specified properties.
It
also prays the court to join as an interested party in AMCON’s suit against Sea
Petroleum so that it can defend and safeguard its own interests and prevent
being compulsorily and unjustly divested of its legitimate investment and
proprietary interest by the plaintiffs. (Guardian)
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
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