Politics
AMCON Takes Over Former Governor’s Mansion Over ₦5bn Debt
The Asset Management Corporation of Nigeria (AMCON) on Wednesday said it took over the palatial mansion of Abdulfatah Ahmed, the former two-time governor of Kwara State, over an alleged staggering indebtedness of nearly ₦5 billion.
AMCON said in a statement Wednesday that the action followed the order of Justice A.M. Liman of the Federal High Court, Lagos Division.
“Hon. Liman also ordered the freezing of the Bank Accounts of the former governor and his two companies including Trans Properties and Investment Limited and Trans It Consulting Limited in Suit No: FHC/L/AMC/01/2021,” the statement said.
“The former governor who is one of the founders of the newly established third force in Nigerian politics known as the Rescue Nigeria Project (RNP) is one of the high-profile obligors of AMCON.
“Despite holding one of the highly exalted political offices in the land, he remained recalcitrant over the repayment of his obligation.”
AMCON said that in compliance with the court order, the corporation through the Law firm of Robert Ohuoba of Robert Ohuoba & Co, one of the leading Asset Management Partners (AMPs) of AMCON who also received protective orders from the court, took possession of the mansion belonging to the former governor.
The mansion is situated at Abdulfatah Street, GRA, Ilorin, Kwara State, it said.
Jude Nwauzor, Head, Corporate Communications Department of the government debt recovery agency, described the enforcement as successful.
“AMCON had taken over the Non-Performing Loans of the former governor and his companies, Trans Properties and Investment Limited and Trans It Consulting Limited, from the former Intercontinental Bank, FinBank and Bank PHB during the first phase of EBA purchases, in line with its mandate under the AMCON Act,” Mr Nwauzor added.
“All efforts to peacefully resolve the loan had been frustrated by the former Governor who remained recalcitrant, which left AMCON no other choice than to seek justice in court.
ALSO READ: N69 billion Debt: AMCON takes over Nicon Insurance, Nigeria Reinsurance Corporation
“AMCON had to commence asset tracing through its appointed law firm of Robert Ohuoba & Co. on Abdulfatah Ahmed, an exercise, which further revealed nine (9) properties of the obligor situate in Kwara, Lagos State and the Federal Capital territory (FCT), Abuja, which the Corporation has plans to enforce upon.
“This action is in line with Section 49 (1) of the AMCON Act 2019 (As Amended), which states that: 49 (1)Where the Corporation has reasonable cause to believe that a debtor or debtor company is the bona fide owner of any movable or immovable property, it may apply to the Court, before or at the time of filing of action for debt recovery or other like action or at any time after the filing of action, and before or after the service of the originating process by which such action is commenced on the debtor or debtor company, by motion ex-parte for an interlocutory order granting possession of the property to the Corporation pending the hearing and determination of the debt recovery or other action to abide the decision in such action.”
AMCON added that other assets of the former governor, which the court granted AMCON possession over include: No 13, Alhaji Masha Road, Surulere; No. 9 Wharf, Apapa, Lagos; Plot 3632, Cadastral Zone E27 of Apo, Abuja; Plot 4115, Cadastral Zone F14 of Bazango, Abuja; Plot 8502, Cadastral Zone E31 of Carraway Dallas, Abuja; Plot 494, Cadastral Zone E31 of Carraway Dallas, Abuja; Plot 719, Cadastral Zone E23 of Kyami, Abuja; and any other landed property in any place that may be found within the Federal Republic of Nigeria.
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Politics
2027: PRP clears Donald Duke as presidential candidate
The National Working Committee, NWC, of the Peoples Redemption Party, PRP, has cleared a former governor of Cross River State, Donald Duke, as the party’s presidential candidate for the 2027 general elections.
The News Agency of Nigeria, NAN, says Duke’s clearance came after the Primaries Appeal Committee finished reviewing the recent primary elections. The NWC approved the committee’s report.
A statement by the party’s National Publicity Secretary, Muhammed Ishaq, on Saturday, said the NWC also approved results of governorship, Senate, House of Representatives and State House of Assembly primaries.
Ishaq disclosed that all declared candidates were approved to run in the 2027 general elections, except for the Tarauni Federal Constituency in Kano, where the primary election was canceled.
He said the party plans to field 420 candidates in the 2027 general elections.
Ishaq said, “In line with our dedication to being actively involved in the election process, the PRP is proud to have 420 candidates running for all the positions in the 2027 general elections.”
He expressed the PRP’s commitment to the principles of internal democracy and service, as well as to delivering credible and transformative leadership for the country.
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Headline
2027: Peter Obi might have more votes than Atiku –Bwala
Special Adviser on Media and Policy Communication, Daniel Bwala, says he fears that the Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi might have more votes than Atiku Abubakar in the 2027 general elections.
Bwala expressed this fear on Friday while responding to questions in an interview on Symfoni TV.
He was speaking on the chances of Atiku, his former principal as next year’s general elections get closer.
He said, “I fear Peter Obi might get more votes than Atiku Abubakar in the 2027 election, and my other fear is that he might come a distant fourth.
“If that happens, his legacy as a politician in his last attempt could be affected.
In the 2023 election, the PDP had several governors, senators, and Reps who supported him, but right now, there is not a single governor backing him.
“The fact remains that Atiku Abubakar has never historically commanded more votes from the North-West in his political career.”
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Headline
NDC Defends Primary Election Process, Denies Imposition of Candidates
The Nigeria Democratic Congress (NDC) has defended the conduct of its recent primary elections, insisting that no candidate was imposed by the party’s national leadership.
It also said that all aspirants were given a fair opportunity to participate in the democratic process.
In a statement issued by the party’s National Secretary, Barrister Ikenna Enekweizu on Thursday, the NDC said its candidate selection process was driven by consultation, consensus-building, and stakeholder engagement through established leadership structures across the country.
The party also insisted that its National Secretariat was never involved in the business of “picking, choosing, or imposing candidates” on any constituency or state, contrary to allegations that have emerged following the conclusion of the primaries.
“At no time has the NDC National Secretariat been involved in the business of picking, choosing, or imposing candidates on any constituency or state,” Enekweizu stated.
According to the party, aspirants seeking elective positions were directed to engage with caucus leaders, stakeholders, and grassroots members in their respective states, who were responsible for consultations and recommendations based on local political realities.
The NDC noted that in the South-East geopolitical zone, its presidential candidate, Peter Obi, joined the party with an existing network of respected political leaders and elder statesmen who currently serve as caucus heads across the region.
These include former governors and senior political figures such as Sam Egwu, Okwesilieze Nwodo, and Achike Udenwa, among others.
The party explained that these leaders were tasked with conducting stakeholder consultations and helping build consensus around aspirants in their respective states.
“These leaders were entrusted with conducting stakeholder consultations, building consensus, and making recommendations to the party based on their understanding of the peculiar political dynamics in their respective states,” the statement said.
The NDC further stressed that aspirants who disagreed with stakeholder recommendations were not excluded from the process but were allowed to test their popularity through grassroots primaries.
“This process was conducted without prejudice to the rights of any aspirant.”
”Where aspirants disagreed with recommendations made by stakeholders or caucus leaders, they were free to test their popularity through the democratic process at the grassroots level, and this was duly accommodated,” the party said.
Addressing concerns raised by some aspirants following the primaries, the NDC acknowledged reports of individuals prematurely declaring themselves candidates as well as complaints regarding aspects of the process.
However, it maintained that such issues had been referred to the party’s appeal panel and leadership for resolution.
The statement also highlighted the party’s commitment to affirmative action and greater female participation in politics, noting that efforts had been made to encourage women to seek elective offices while also considering the interests of serving lawmakers.
Looking ahead, the NDC announced plans to begin a broad reconciliation process aimed at healing divisions and strengthening party unity after the conclusion of the primaries.
“As resolved at yesterday’s NEC meeting, we now look forward to the commencement of a comprehensive reconciliation process,” Enekweizu said.
“We count on our esteemed caucus leaders, state chairmen, stakeholders, and party leaders to engage all aspirants and members in the interest of unity, cohesion, and the continued growth of our party.”
The party reiterated that its role throughout the nomination process was primarily to welcome new members and aspirants, reassure them of its commitment to fairness and transparency, and direct them to the appropriate caucus structures for participation in party affairs.
According to the NDC, the approach reflects its commitment to internal democracy, consultation, inclusiveness, and respect for established leadership structures as it continues preparations for future elections.
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