Properties belonging to Senator Abdulafatai Buhari have been seized by the Asset Management Corporation of Nigeria, AMCON over a debt of N600 million.
Senator Buhari, through his company, Abadat ventures secured a loan from Guaranty Trust bank(GTB) and rebuffed several reminders to repay the loan.
AMCON, in a statement on Wednesday, signed by its spokesperson, Jude Nwauzor, the seizure of Buhari’s assets was in line with an order by Justice I. E Ekwo of the Federal High Court, Abuja
The statement read in part, “Sequel to the order of Honourable Justice I. E Ekwo of the Federal High Court, Abuja, AMCON has taken over assets belonging to Alhaji Buhari Abdulfatai, Chief Promoter of Abadat Ventures Limited over indebtedness of almost N600m.”
Justice Ekwo made the ruling on March 25, 2021, and in compliance to the enforcement order, AMCON on Friday, June 18, 2021, took effective possession of two properties belonging to Senator Buhari.
The properties seized are both situated in Abuja.