Lekki Property: AMCON dismisses Mumini-Shittu’s allegations

21st April 2021

THE Asset Management Corporation of Nigeria, AMCON, has denied receiving any court order of injunction in respect to Block B Plot 2, Victory Park Estate, Lekki, Lagos State. AMCON made this known while responding to a press briefing scheduled by the Association of Victory Park Estate Landowners, which was published in ThisDay with the theme: “Businessman Recovers Lekki Property from Trespasser”, and a 45 minute short video of allegations all to smear the image of the corporation. A statement from AMCON stated that the press briefing was scheduled to hold at Westwood Hotel Ikoyi to discuss how AMCON and its receiver-manager, Lanre Olaoluwa had disobeyed court orders and violated the doctrine of Lis PENDIS. According to AMCON, the allegations which were made by Agha of Pistis Partners LLP, legal practitioner to Mr. Adedayo Mumini-Shittu against the corporation and its receiver manager were false. It stated that “Although Mr. Mumini-Shittu filed a claim at the Lagos State High Court, no Order of Injunction was made against the Corporation and its Receiver/Manager in respect of Block B Plot 2 as wrongly alleged by the Publication as the Order of Injunction made 24th October 2019. ‘It said that this order “Which is the subject of a pending appeal at the Supreme Court was strictly in respect of Block B Plot 1, Victory Park Estate, Lekki, Lagos. Consequently, the purported recovery, which was curiously done in the absence of any Sheriff of the Lagos State High Court, was illegal and the allegations of criminality made against the Corporation and its Receiver/Manager is false, baseless, and defamatory. “The Corporation and the Receiver/Manager deny all allegations of criminal conduct made in the Publication and the video, specifically the allegation that the Corporation and its Receiver/Manager are acting in defiance of the Order of Injunction made by the Lagos State High Court on October 24, 2019, in Suit no: LD/8418LMW/2019 – Mr. AdedayoMumini Shittu & Anor v Knight Rook Limited & 3 Ors and the Judgment delivered by the Court of Appeal on 15th December 2020 in Appeal no: CA/L/1266/2019 – Asset Management Corporation of Nigeria vs Mr. AdedayoMumini Shittu & 3 Ors,” it said. It said that the takeover of the property known as Block B Plot 2, Victory Park Estate, Igbokushu Village, Lekki, Lagos (“Attached Property/Block B Plot 2”) was carried out on the basis of the Judgment delivered by the Federal High Court on October 3, 2017, in Suit no: FHC/L/CS/744/2017 – Asset Management Corporation of Nigeria & 5 Ors which was affirmed by the Court of Appeal in Appeal no: CA/L/698/2018 – Rev Olajide Awosedo v Asset Management Corporation of Nigeria & 5 Orson 3rd June 2019. “The Judgment of 3rd October 2017 granted the Corporation powers to take over all the movable and immovable properties of Knight Rook Limited and other Judgment Debtors and apply the proceeds of their disposal in the settlement of the Judgment Debt. “The Corporation and Receiver Manager are law-abiding and saddled with the mandate to recover an outstanding debt of Knight Rook Limited. The mandate of the corporation must be carried out in line with the powers vested in the Corporation by the provisions of the AMCON Act, as amended. Debtors should pay their debt for the sake of the Nigerian Economy,” it said. AMCON, therefore, advised the public to discountenance the publication, the outcome of the press conferences, as well as the video, and refrain from taking actions that could breach the peace as all actions carried out by the Corporation and its Receiver/Manager at Victory Park Estate, Igbokushu Village, Lekki, Lagos is in line with their mandate under the Asset Management Corporation of Nigeria Act 2010 (as amended) and pursuant to a subsisting Court Judgment.