Wednesday, March 25, 2015

Court Dismisses AMCONS Appeal

                       
                          The Court of Appeal, Lagos Division Wednesday dismissed an appeal filed by Asset Management Corporation of Nigeria, AMCON, against the ruling delivered by Justice Ibrahim Buba of a Federal High Court in Lagos over an alleged N50 billion debt owed by Bi-Courtney Group.
Justice Buba had in a ruling vacated an order empowering AMCON to take over assets of companies belonging to the Chairman of Bi-Courtney Group, Dr. Wale Babalakin, including Murtala Mohammed International Airport, Terminal 2.



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