Ex super eagles cap,kanu nwakwo in a big mess as court orders all HIs account be frozen

In a bid to recover a debt of
N924,788,754.56, a Federal high court
sitting in Lagos, southwest Nigeria has
ordered that all accounts belonging to
former captain of the Super Eagles,
Nwankwo Kanu and his company, The
Hardley Apartments anywhere and in
any bank or financial institution in
Nigeria should be frozen pending the
hearing of suit file against them.
Also affected by the other of the
court is a Director of Hardley
Apartment, Ayoola Gam-Ikon.
The order of the court was as a result
of a debt recovery suit filed by Asset
Management Corporation Of Nigeria
(AMCON) against the defendants.
In an affidavit sworn to by a Credit
officer in the Directorate of AMCON
Mr Victor Igabor, filed and argued
by Barrister Niyi Olopade, the
deponent averred that sometime
between May, 2008 and January
10,2011 Skye bank offered The
Hardley Apartments engaged in
business of Hospitality located at Plot
46 Waziri Ibrahim Crescent, Victoria
island, Lagos a loan of N520,457,000.
The loan was secured by a mortgage
on the company’s three blocks of 40
accommodation units estimated in
open market value of N395million as
well as unconditional personal, joint
and several guarantee of Ayoola
Gam-Ikon and Nwankwo Kanu.
The defendants failed to repay the
loan with the accrued interest
despite repeated demands,
consequent upon which Skye bank
Plc assigned the defendants
indebtedness in the sum of
N558,313,905.37 as at 1st April, 2011
to the AMCON as a toxic bank asset
in line with the establishment
objective of the said AMCON.
Mr Igabor averred further that, this
development was communicated to
the defendants by Skye bank who
admitted their indebtedness but
praying that the assignment to
AMCON be revoked.
The defendants’ indebtedness as at
the 15th October 2015 stood at
N924,788,754.56 representing
principal and interest while interest
is still running.
Consequently, Igabor contended that
The Hardley Apartments is in
imminent of being dissipated,
therefore if the application is not
granted, Ayoola Gam-Ikon and
Nawankwo Kanu could dissipate the
assets of the company therefore
urged the court to issue interim
order of possessing of all movable
and immovable properties known as
Plot 46 Waziri Ibrahim Crescent,
Victoria Island.
An order attaching the debt due from
Hardley Apartments as well as debts
accurring from the defendants
jointly and severally and freezing all
accounts belonging to the defendants
jointly and severally in any bank or
financial institution in Nigeria.
The presiding judge, Okon Abang
while acceding to the request of
AMCON, ordered that, AMCON shall
in the interim possess all the
movable and immovable properties
known as Plot 46 Waziri Ibrahim
Crescent, Victoria Island, Lagos.
That in the interim the debt due or
accruing from the Hardley
Apartments as well as the debts
accruing from the defendants jointly
and severally and freezing all
accounts belonging to the defendants
jointly and severally anywhere and
in any bank and any financial
institution in Nigeria are hereby
attached pending the hearing of this
suit.
The matter has been adjourned for
hearing.