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Senate Stops AMCON’s Takeover of Nwankwo Kanu’s Lagos Hotel

Senate Stops AMCON’s Takeover of Nwankwo Kanu’s Lagos Hotel

The Senate has today stalled the proposed take over of Harley Suites, a luxury hotel owned by former Super Eagles Captain, Nwankwo Kanu.

Following a motion by Senator Bala Ibn Na’Allah, the Deputy Majority Leader, bring the issue to the notice of his colleagues, it was resolved that AMCON and CBN should hold on until its Committee on Banking and Finance investigates the allegation that there was a problem with the proposed  takeover.

Kanu had appealed to the Senate to intervene in the matter insisting that the loan in question was taken by Directors of Kanu Heart Foundation without his knowledge and he should not be held liable.

The Hotel according to AMCON that has now reached the tune of N5billon-and it wants to liquidate the debt with the hotel

Jude Nwauzor, AMCON’s spokesperson in a statement said “The general public is hereby informed that these stories are brazen falsehood meant to mislead the public on the true position of the Nwankwo Kanu’s massive indebtedness to the Corporation.

“We also want to put on record that having exhausted all avenues of peaceful resolution as a result of the huge debt, AMCON in 2015 obtained an order from the Federal High Court, which gave the Corporation permission to take possession of The Hardley Apartments located at No. 46 Waziri Ibrahim Crescent, Off Elsie Femi – Pearse Crescent, Off Adeola Odeku Street, Victoria Island in Lagos State.

“This order still subsists, pending the determination of the substantive matter.”

The corporation urged the public to disregard the “misrepresentations as we await the pronouncement of the court on the matter.”

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