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| Babalakin docked |
A Federal High Court sitting in
Lagos, has appointed Asset Management Corporation of Nigeria, AMCON, receiver
manager of the assets of Bi-Courtney Limited, owned by Mr. Wale Babalakin, SAN,
over an alleged N50billion debt.
AMCON through its counsel, Dr Olisa
Agbakoba, SAN, had applied to the court for orders of possession and
receivership over these assets as a result of the failure of the companies to
pay a cumulative debt of about N50 bn owed to AMCON.
