Asset Management Corporation of Nigeria (AMCON) has taking over Victory Park Estate at Lekki, Lagos.
Findings by Highstreet.ng revealed late gubernatorial aspirant in Ogun state Olajide Awosedo to be the owner of the said estate.
The politician and property merchant died on Tuesday June 18, 2019.
And AMCON sealed off one of his luxury estates on Tuesday, June 25, 2019 following a court judgment issued by a Federal High Court in Ikoyi.
Late Awosedo was said have used the luxury estate, through his business entities – Knight Rook Limited and Grant Properties Limited – as collateral in a number of Nigerian banks.
Report monitored on news platform saharareporters.com showed the nation’s Asset Management company had earlier notified residents of the estate of the court judgment and its plan to take possession.
The statement sent to the residents read: “AMCON hereby notifies all Occupiers, Residents and all persons laying claim to any portion of land comprised within the Victory Park Estate, Lekki, Lagos that on 3rd June 2019, the Court of Appeal (Lagos Division) in the Appeal No: CA/L/146/18 dismissed the appeal filed by Rev Olajide Awosedo against the Judgment of the Federal High Court delivered on 3rd October 2017 in the Suit No: FHC/L/CS/744/17 – Asset Management Corporation of Nigeria v. Knight Rook Limited & Ors, by which a judgment sum of c. N12,966,510,191.00 (Twelve Billion, Nine Hundred and Sixty-Six Million, Five Hundred and Ten Thousand, One Hundred and Ninety-One Naira) was cumulatively awarded in favour of AMCON against Knight Rook Limited, Grant Properties Limited, Rev Olajide Awosedo, Olawunmi Olajide-Awosedo, Abimbola Olajide-Awosedo and Fibigboye Estates Limited, which Judgment also specifically foreclosed the Defendants’ right to the assets of Knight Rook Limited comprised within Victory Park Estate, Lekki, Lagos, among other assets, in satisfaction of the Judgment, which Judgment has been executed by AMCON.”
The Statement further directed all persons affected by the Judgment and enforcement to contact AMCON through its Solicitors or its Receiver/Manager.
