• About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, August 15, 2022
Daily Concord News
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Opposition Behind Call For My Resignation – Festus Keyamo

    Opposition Behind Call For My Resignation – Festus Keyamo

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    FIRS Powers To Recover Taxes Unremitted From States, LGAs Are In Order — Group

    Osun 2022: Bankole Urges INEC To Guarantee Inclusion Of PWDs On Election Day

    Osun 2022: Bankole Urges INEC To Guarantee Inclusion Of PWDs On Election Day

    Why Peter Obi Is The Most Fact-Checked Politician

    Why Peter Obi Is The Most Fact-Checked Politician

    Ekiti Election

    EKITI ELECTION: Another Buhari Legacy On Credible Polls – BMO

    Trending Tags

    • Politics
    • Business
    • Sports
    • Entertainment
      • All
      • Gaming

      Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

    • Tech
      • All
      • Startup

      DG NITDA Urges Computer Sciences Students to Drive ICT Innovation

      How To Apply For Bridge To MassChallenge Nigeria 2021

      How To Apply For Bridge To MassChallenge Nigeria 2021

      DG NITDA Urges Young Lawyers To Use Artificial Intelligence In Legal Services

      DG NITDA Urges Young Lawyers To Use Artificial Intelligence In Legal Services

      Digital Economy: NITDA Assures e-Business Industry Heads Of Public Private Partnership

      Digital Economy: NITDA Assures e-Business Industry Heads Of Public Private Partnership

      Digital Nigeria 2021

      Call For Abstracts: Digital Nigeria 2021

      5G Network Crucial To 4th Industrial Revolution – DG NITDA

      Literacy Day: FG To Train 6000 Nigerians On Digital Skills In 11 States

      Trending Tags

    • Lifestyle
      • All
      • Culture
      • Food
      • Health
      At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

      At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

      Femi Odekunle; The Pains That Won’t Go! By Haruspice

      Femi Odekunle; The Pains That Won’t Go! By Haruspice

      The Unifying Factor of Culture

      Examining Arts as a Unifying Elements

      The Unifying Factor of Culture

      The Unifying Factor of Culture

      Senate President Greets Asiwaju Bola Tinubu @69

      Senate President Greets Asiwaju Bola Tinubu @69

      Abuja Global Shapers Hub Pay A Velentine Day Visit To Kubwa General Hospital

      GIVE A GIFT – The Abuja Global Shapers Valentine’s Edition

      Trending Tags

    • Opinion
    No Result
    View All Result
    Daily Concord News
    No Result
    View All Result
    Home News local

    AMCON Takes Over Assets Of Doggi Group Limited In Asokoro, Katampe Hills Abuja Over N440million Debt 

    June 18, 2020
    in local, News
    2 min read
    0
    25
    SHARES
    33
    VIEWS
    Share on WhatsAppShare Share

    Following the order of Honourable Justice A.I. Chikere of the Federal High Court, Abuja division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Alhaji Umaru Baba Abdullahi, the Chief Promoter of Doggi Group Limited over an indebtedness of over N440million. Justice Chikere gave the order on June 5, 2020.

    In compliance to the enforcement order, AMCON on Thursday June 18, 2020 took effective possession of the two properties through its Receiver – Mrs. Juliet Benson of Benson Reeds Legal Practitioners, which include properties situate at Plot 3810, Cadastral Zone A04, Asokoro District, Federal Capital Territory (FCT), Abuja and Plot 1274, Cadastral Zone B07, Katampe Hills, Katampe District, Abuja.

    The case of Doggi Group Limited and its promoter have been a protracted issue because the loan was purchased during the first phase of Eligible Bank Assets (EBA) purchase from Union Bank Plc way back in 2011. Since then, AMCON has offered the obligor a good measure of olive branches and explored all avenues to resolve the matter amicably, but the obligor, and his company, Doggi Group Limited have remained recalcitrant and unwilling to repay the huge debt to the Corporation.

    Confirming that AMCON had enforced on the assets in line with the order of the court, Jude Nwauzor, Head of Corporate Communications Department of the Corporation said, “Yes, we enforced on the properties today as ordered Justice Chikere’s court, and are grateful to the Federal High Court for working on behalf of Nigerians to recover some of the debts owed the country by a few individuals despite the challenges posed by the dreaded Coronavirus (COVID-19) pandemic to institutions including the judiciary.

    “Like we have always said in the past, our priority at AMCON has never been to take over anybody’s properties or assets. Our mandate is to recover Nigeria’s money in the hands of these obligors. Overtime however, we have observed that the obligors enjoy hiding under some legal technicalities to delay even the repayment arrangement they negotiated and signed. When you have held several meetings and arrived at an agreement but the obligor decided to make a U-turn by reneging, it leaves AMCON with no other option than to approach the court. In the case of Doggi Group Limited and its promoter, AMCON did everything any responsible and law abiding organistaion ought to do to help the promoter and his business continue to no avail,”

    From all indications, the enforcement on the properties of Doggi Group Limited and Alhaji Umaru Baba Abdullahi is one of the many others that would take place in the coming days, despite the interference in business activities by COVID19. Recall that President Buhari last year signed the 2019 Amended AMCON Act into law, which gives AMCON additional powers to go after all obligors of the Corporation who for years have refused to repay their debt.

    The Corporation led by Ahmed Lawan Kuru (ALK) as Managing Director/CEO, is firing on all cylinders and, descending hard on its obligors irrespective of their political or social status in the country. AMCON is chasing to recover over N5trillion in the hands of a few highly sly and uncooperative individuals. Sadly, a good number of them occupy public offices as well as positions of influence in the country.

    Jude Nwauzor

    Head, Corporate Communications Department

    Tags: AMCONDoggi Group Limited
    SendShare10Tweet6Share2Send
    Previous Post

    Information and Culture, Women Affairs Ministries Plan National Campaign Against Rape

    Next Post

    Share Knowledge From Research, Science to a Fight COVID-19, President Buhari Urges International Community

    Next Post

    Share Knowledge From Research, Science to a Fight COVID-19, President Buhari Urges International Community

    Stay Connected test

    • 517 Fans
    • 13 Followers
    • Trending
    • Comments
    • Latest

    How Atiku’s Lawyer’s Travelled To Cambridge To Confirm Buhari’s Certificate – And The Disappointment That Followed

    September 6, 2019

    Vanguard Apologizes To Professor Osinbajo Over Fake News, Retracts Story

    September 25, 2019

    I Will Waive my Constitutional Immunity to Clear my Name – Osinbajo

    September 25, 2019

    N90bn scandal: Stop Threatening Media Houses, Sue me, Frank tells Osinbajo

    September 25, 2019
    Opposition Behind Call For My Resignation – Festus Keyamo

    Opposition Behind Call For My Resignation – Festus Keyamo

    0
    Nigeria

    Lest We Forget: Security Issues in Nigeria from 1999 to Date!

    0
    Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

    Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

    0
    Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

    Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

    0
    Opposition Behind Call For My Resignation – Festus Keyamo

    Opposition Behind Call For My Resignation – Festus Keyamo

    August 15, 2022
    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    August 9, 2022

    Post-VAIDS: JTB, FIRS Commences Full Scale Enforcement On Defaulters

    July 12, 2022
    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    July 7, 2022

    Recent News

    Opposition Behind Call For My Resignation – Festus Keyamo

    Opposition Behind Call For My Resignation – Festus Keyamo

    August 15, 2022
    16
    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    August 9, 2022
    16

    Post-VAIDS: JTB, FIRS Commences Full Scale Enforcement On Defaulters

    July 12, 2022
    17
    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    July 7, 2022
    16
    Daily Concord News

    Bringing the most intriguing News from around the world you everyone in a positive way

    Follow Us

    Browse by Category

    • Africa
    • Basketball
    • Business
    • Culture
    • Economy
    • Education
    • Food
    • Football
    • Foreign Affairs
    • Gaming
    • Health
    • Health
    • Interviews
    • Lifestyle
    • local
    • News
    • Nigeria
    • Opinion
    • Politics
    • Science
    • Security
    • Sports
    • Startup
    • Tech
    • Uncategorized
    • World

    Recent News

    Opposition Behind Call For My Resignation – Festus Keyamo

    Opposition Behind Call For My Resignation – Festus Keyamo

    August 15, 2022
    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    August 9, 2022
    • About
    • Advertise
    • Privacy & Policy
    • Contact

    © 2019

    No Result
    View All Result
    • Home
    • News
    • Politics
    • Business
    • Sports
    • Entertainment
    • Tech
    • Lifestyle
    • Opinion

    © 2019

    Go to mobile version