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Alleged N243.9m AMCON debt: Court freezes firm’s account

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A Federal High Court in Lagos has frozen all bank accounts belonging to Sprawling Nigeria Ltd and its two directors, pending the determination of a debt recovery suit brought against them by the Assets Management Corporation of Nigeria (AMCON).

The directors are Lukman Olawale Ogunyemi and Yetunde Atilade.

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Justice Chuka Austine Obiozor made the order following an ex parte application AMCON filed through its counsel, Olaitan Adeboye, in a suit marked FHC/L/CS/1952/2019, Professor Obiozor also ordered all banks in Nigeria to furnish the court, AMCON and its counsel the respondents’ statement of accounts, stating the total sum standing to their credit.

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