The Cross River State former Governor, Donald Duke yesterday told a Federal High Court in Lagos that he will pay his N537million debt to Asset Management Corporation of Nigeria (AMCON) in less than 12 hours.
According to Sahara Reporters, the court had on August 8, granted an ex-parte ordered to AMCON and United Bank for Africa to take over a Lagos property of Duke over the alleged debt in suit no FHC/L/CS/1373/2019.
AMCON, through its counsel, Juliet Reeds, approached the court to take possession of Duke' property situated in Ikoyi over his refusal to pay his debts.
The former governor's lawyer, Mr Edoigiawerie Omoruyi, told Justice Nicholas Oweibo that he had approached AMCON with a promise to liquidate the debt before the end of yesterday (September 2).
He said, “We have promised to pay the debt today September 2.” He also pleaded for an adjournment to enable him settle the case out of court
Austin Erhabor, Counsel to AMCON, confirmed that they had been approached for an amicable settlement to pay the debt.
He said, “In the spirit of trust and fairness, we will concede to an adjournment to enable us finalise the possible settlement.”
Justice Oweibo, after listening to both parties, adjourned the case to September 11, for report on settlement.
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