The Asset Management Corporation of Nigeria (AMCON) has asked a Federal High Court sitting in Lagos for an order that will enable it seize money in accounts linked to Lagos businessman, Bala Mustapha Dawaki, towards liquidation of his alleged N435,157,314.27 debt.
According to court documents, the businessman had obtained the original loan from the defunct Intercontinental Bank.
The defunct bank had extended the tenure of the facility severally on the request of the businessman, before AMCON in accordance with its statutory powers, purchased the debt after liquidation of Intercontinental Bank.
However, AMCON said Dawaki has refused to pay the debt despite several requests and promises. As a result, AMCON said the defendant’s debt as at May 2023 now stands at over N435 million including accrued interest on the indebtedness.
AMCON said through the businessman’s BVN number, it has been able to trace accountS linked to him with funds that can be used to defray part of the debt.
AMCON is therefore seeking an order of the court that will enable it seize the sums in BVN linked bank accounts in fulfillment of the indebtedness of the Defendant and order for payment of interest of 15 per cent on the dent every month from June 2023 until date of final payment.
Meanwhile, the presiding Judge, Daniel Osiagor, has adjourned the matter till 12th October, 2023 for hearing to commence.