N3.5bn debt: AMCON takes over Centage Savings and Loans’ assets - Punch Newspapers

The Asset Management Corporation of Nigeria says it has taken over 13 prime assets linked to Centage Savings and Loans Limited and its Chief Promoter, Mr Johnson Ndukwe, over an indebtedness of over N3.5bn.

In compliance with the enforcement order, which Justice Aneke gave on October 8, 2020, AMCON said it commenced detailed and strategic enforcement plan amidst the coronavirus pandemic as the assets were scattered around different locations in Lagos and the Federal Capital Territory, Abuja. “Centage Trade Centre, Awolowo Way, Ikeja, Lagos; Block B, Plot 19 Maiyegun Village, Lekki, Eti Osa LGA, Lagos; Block C, Plot 15, 17, 19 & 20 Maiyegun Village, Lekki, Eti Osa LGA, Lagos; Ivory Garden Estate, Isheri North, Magoro, Lagos; 20 Plots of Land at Ibu Ominla, Ogombo Village, Ajah, Lekki; No 4 Otunba Tunde Seriki Close and Igo Efon, Lekki, Lagos.”

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