A Federal High Court sitting in Abuja, has ordered the Asset Management Corporation of Nigeria to take over the business and assets of Bedko Nigeria Limited and its owner, Alhaji Buba Galadima. A statement from the corporation on Tuesday said Bedko Nigeria Limited and Alhaji Buba Galadima owed AMCON about N900m. It stated that the loan was purchased during the first phase of Eligible Bank Assets purchase from Unity Bank Plc in 2011. Since then, it added, AMCON had offered the obligor a good measure of olive branches and explored…
Read MoreAMCON goes for Galadima’s jugular, seize houses, company
