Standup9ja: AMCON
Takes Over Wokson International Over N5bn Debt
The Asset Management
Corporation of Nigeria (AMCON) has been ordered to take over all the assets of
Wokson International Limited and its promoter, Dr. William Oki, over an
indebtedness of over N5bn.
This is
after Justice Babs Kuewumi of the Federal High Court, Lagos Division, granted
an injunction against Wokson International Limited in Asaba and Warri in Delta
State, on the application of the Corporation.
In a
statement issued on Friday, AMCON said that it on Thursday moved in and took
over all the assets of the company and its promoter as ordered by the court
through Mr. Robert Ohuoba, the receiver, who also received protective orders
from the court.
The assets,
which are now under AMCON, include asphalt plants, hotels and several houses
belonging to Wokson and Oki.
The order
also froze all accounts of Wokson and Oki anywhere and in any financial
institution in the name or belonging to the duo.
The statement quoted the order as stating,
“All financial institution served with the order hereby made shall comply by
filling at the Registry of the Federal High Court affidavits showing cause and
serving same on the claimant’s legal practitioner and in the event that money
is found in any account standing in the credit of the defendant, to transfer
such sum to the nominated account of the claimant forthwith.”
The court
also directed the Inspector-General of Police and the Commissioner of Police,
Delta State Police Command, to assist and protect the bailiffs of the Federal
High Court and the AMCON-appointed receiver, Ohuoba.
The Head, Corporate Communications, AMCON,
Jude Nwauzor, said, “We saw it coming because the said debt is long overdue. I
want you to understand that before we get to this stage with any of our
obligors, we must have patiently tried to resolve the matter without going to
court. Anytime we end up taking over assets such as in the case of Wokson, it
means all efforts by AMCON to get the obligor to amicably repay the
indebtedness have proved abortive.
“When we had exhausted all avenues of peaceful
resolution, there was no other option available to the corporation than to
commence enforcement action against Chief Oki, the promoter of Wokson
International Limited, as mandated by the court and as provided under Sections
49-52 of the AMCON Act.”
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