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AMCON takes over Donald Duke’s flats

The Asset Management Corporation of Nigeria (AMCON) has taken over a block of flats belonging to the former governor of Cross River, Donald Duke, in Ikoyi, Lagos State.

A Federal High Court, in Lagos, had ordered AMCON and the United Bank for Africa (UBA) to seize property of Donald Duke over an alleged N537,334,360.77 debt.

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Vacation judge, Justice Chuka Obiozor, also authorised AMCON and the UBA to, in the interim, take possession of funds in the accounts of Duke and others in any bank.

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