Fake story: Amcon didn’t sack lakanu as receiver manager of nicon investment limited, global oil and gas

The Asset Management Company of Nigeria (AMCON) has said that a recent order by a court of law did not sack Taiwo Lakanu as Receiver/Manager of NICON Investment Limited and Global Oil and Gas Limited.

AMCON, in an advertorial published in some newspapers today said that the court did not sack or restrain Taiwo Lakanu as the receiver-manager as against the report in some National dailies on Monday August, 30.

The statement by NICON is entitled; “Court Didn’t Sack Taiwo Lakanu As Receiver/Manager Appointed By AMCON As Provided In Section 48 Of AMCON Act.”

They said that the order in Suit no FHC/ABJ/CS/001/2021 did not sack Taiwo Lakanu As Receiver/Manager to NICON Investment Limited and Global Oil and Gas Limited.

The company said that it duly obtained an order in a suit numbered FHC/L/CS/776/2016 against NICON Investment, Global Fleet and Ibrahim to take interim possession of properties belonging to them.

AMCON stated that Lakanu was appointed by AMCON as provided in Section 48 of its Act. “We state categorically that the order of court in Suit No. FHC/ABJ/CS/001/2021 did not sack Taiwo Lakanu as Receiver/Manager to Nicon Investment Limited and Global Oil and Gas Limited.”

According to the corporation, “AMCON duly obtained an order of Court in Suit No FHC/L/CS/776/2016 in favor of AMCCN against NICON Investment Limited, Global Fleet Ol & Gas Limited and Bar, Jimoh Ibrahim to take interim possession of properties belonging to the above mentioned as follows: NICON Investment Limited’s Building at Plot 242, Muhammadu Buhari Way, Central Business District Abuja; NICON Hotels Limited’s Building, Plot 557, Port-Harcourt Crescent. Off Gimbya Street, Abuja; NICON Lakk Limited’s Building, No 5, Customers Street, Lagos. Property at No.25 B&C, Kayode Abraham Street, Victoria Isand, Lagos; Abuja International Hotels Limited’s Building-No. 3 Hospital Road, Lagos; Property of Plot 242, Muhammadu Buhan way Abun and the Property known as former Allied Bank Building, Mile 2. Oshod Expressway, Apapa Road, Lagos

Other properties include: Energy House, No, 94, Awolowo Road, Roy, Lagos; NICON Building, No.40, Madeira Street, Maitama, Abuja • Residential Apartment at Road 2, House A14, Victoria Garden City Lagos NICON Hotels Building, Plot 3, Road 2 Victoria Garden City, Ajah, as well as Lagos NICON Luxury Hotels Building. Gai1, Abuj The Court also made orders in favor of AMICON against NICON Investment Limited, Global Feet ol & Gas Limited and Barr, Jimon Ibrahim allows:

“That an order is made freezing the account of the Defendants in the Respondents banks (All Banks inNigeria) pending the determination and outcome of Sult NO: LD/1074/2010 which suit is in relation to the debt acquired by the Plaintiff (AMCON) from Union Bank o ON powers under section 25 of the AMCON Act (as in furtherance of the Plaintiff’s powers under Section 25 of the AMCON Act (as amended)”.

“That an order is made restraining the Defendants from presenting to the Respondent Banks (All Banks in Nigeria) whether by themselves, agents or privies, any mandate or instruction for the withdrawal of any money and or funds standing to the credit of any of the accounts of the Defendants (that is Nicon Investment Global Fleet Oil & Gas Ltd and Barrister Jimoh Ibrahim) kept and/or maintained at any of the names Respondent Banks or their branches pending the determination of Suit No. LD/1074/2010.”

It was added that based on the “above orders of court, AMCON exercised its special power under Section 48 of the AMCON Act 2019 (as amended) to duly appoint Taiwo Lakanu as Receiver/Manager to take over above mentioned assets and manage the affairs of the debtor companies, Nicon Investment Ltd and Global Fleet Oil & Gas Ltd.”

It said that what the court ordered in Suit No. PHC/ABJ/CS/001/2021 relied on by the publication made in the dailies Monday, August 30, 2021 did not restrain Taiwo Lakanu from acting as Receiver/Manager to the assets and managing the affairs of the debtor companies as the court was not on doubt of AMCON’s powers in Section 48 of the AMCON Act by stating in the order that “The Court….considered that it is no in doubt of AMCON’S power under Section 48 of the Act, an amended to appoint a Receiver/Manager of the Assets of an alleged debtor as in this case, Nicon Investment Limited and related companies…”

AMCON said further that from the above, the order of court recognized Taiwo Lakanu exercising his powers or performing his duties as Receiver/Manager to Nicon Investment Limited and Global Fleet Oil and Gas Limited.

“Meanwhile, all the orders of court in Suit No. FHC/ABJ/C5/001/2021 have been appealed against by AMCON in Appeal No. CA/ABJ/CV/377/2021 between AMCON vs Jimoh Ibrahim & 4 Ors with a Motion for stay of execution of the court order made in Suit No. FHC/ABJ/CS/001/2021.