Babalakin Accuses AMCON Of Executive Recklessness
The Chairman of Bi-Courtney Nigeria Limited, Wale Babalakin has reacted to media reports alleging that the Asset Management Company of Nigeria (AMCON) has taken over its office building at 43A Afribank street, Victoria Island over a N13.5 billion debt.
Mr Babalakin, who is a Senior Advocate of Nigeria (SAN), at a press briefing on Monday said his company, Bi-Courtney is not indebted to AMCON or any Federal Agency, neither was its office property mortgaged to any bank.
He exhibited a court order dated the 5 April 2012 which shows that Bi-Courtney has a judgment credit of N132 billion in its favour, with the court directing that any debts to the federal government should be deducted from the amount.
“We are massively in credit; we do not owe any dime, yet we are being portrayed as debtors,” he said.
More on Business
MORE FROM CHANNELS TV