Loan Digest

N600m debt: AMCON takes over Hydro Hotels

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The Asset Management Corporation of Nigeria said it has taken over the assets of Hydro Hotels Limited and its chief promoter over an indebtedness of N600m.

The Head of Corporate Communications Department, AMCON, Mr Jude Nwauzor, disclosed this in a statement on Sunday titled ‘AMCON takes over assets of Hydro Hotels Limited over N600m debt’.

In favour of AMCON, it said, the appellant court also ordered the forfeiture of moveable and immoveable assets of Hydro Hotels and further granted AMCON full possession and outright power of sale of the properties. “Property at No. 1 Wawa Road, New Bussa, Niger State and Property at No. 82 Garkuwas Residence, New Bussa, Niger State.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

P&ID: Nigerian govt speaks on $9.6bn judgment debt rulingAn official said the court decision “is a big victory and Nigeria can now breath a sigh of relief“.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

$9.6bn Judgment Debt: Victory in UK court, a huge relief – Lai MohammedInformation and culture minister Lai Mohammed has said that the Friday judgment of a UK Commercial Court suspending the execution of a $9.6 billion debt judgmen
Source: Daily Trust - 🏆 13. / 51 Read more »