MD, 7 others dragged to court over N32bn debt

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MD, 7 others dragged to court over N32bn debt DELTA: DESOPADEC Dragged To Court Over n9.9m debt owed contractor thursday, March 20, 2014 by blanknewsonline in News . The Delta State Oil Producing Areas development commission (desopadec ) has been dragged before the High Court in Warri over its failure to pay the contract sum of N9,950,531.17.

First to give an indication on the dangers that lie ahead for the sector are 13 generation companies (gencos) which recently, dragged the Federal Government to court over N1 trillion debt. In this May 10, 2013, file photo, Cody Wilson holds what he calls a Liberator pistol that was completely made on a 3-D-printer at his home in Austin, Texas.

MD, 7 others dragged to court over N32bn debt A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment. 2 Myths Holding Back Home Buyers. Presented as a public service by Joe Peters of Coldwell Banker.

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AMCON drags -MD, wife, 7 others to court Lagos South-west Nigeria The Asset Management Corporation of Nigeria, AMCON, has dragged a Lagos businessman, Samuel Adenmosun, his wife, Toluleke Adenmosun and seven other limited liability companies before a Federal High Court in Lagos, Southwest Nigeria, in a bid to recover a debt of N32 billion owed.

The court also empowered AMCON to take over "the piece of land consisting of buildings/factory situated at Esuk Utan Village, Calabar, described as Plot A23 – A30, Calabar Export Processing Zone; chattels consisting of five oil tank barges and seven tug boats among others, as well the piece of land consisting of an acre situated at Kaduna.

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