December 9, 2023

AMCON Sues Demayo Holdings’ Directors For N300m Debt

AMCON Sues Demayo Holdings’ Directors For N300m Debt

The Asset Management Corporation of Nigeria (AMCON) has dragged Demayo Holdings Nigeria Limited before a Federal High Court in Lagos over alleged N300 million debt.

Joined as co-defendants in the suit are directors of the company identified as Moshood Ademola Omidiran, Wulayat Omidiran and Abdulmalik Omidiran.

AMCON in an Ex parte Motion marked FHC/L/AMC/22/2022 asked the court to recover the sum of N319,658,903.56 from the defendants.

“WHEREOF the claimant claims against the Defendants as follow; The sum of N319,658,903.56 (Three Hundred and Nineteen Million, Six Hundred and Fifty-Eight Thousand, Nine hundred and Three Naira, Fifty-Six Kobo.) being the outstanding indebtedness of the Defendants as At February 2, 2022,” the court documents read.

“Interest at the rate of Fifteen percent (15%) per annum on the said sum of from February 02, 2022 until judgment is delivered. Interest at the rate of ten percent (10%) per annum on the judgement sum from the date of the entry of final judgement in the suit until the said judgement is fully and finally liquidated.”


Copy: TrueTellNigeria

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