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Justice C.J Aneke of Federal High Court Lagos Division has granted an injunction against Cedar Oil & Gas E&P Ltd, [mandating] AMCON to take over assets of the firm over the indebtedness of ₦29billion.”
“The assets, which are now under AMCON include Block A, No. 46 Gerrard Road, Ikoyi, comprising of 26 flats; Plot 1236, River Niger Street, Maitama, FCT, Abuja; as well as Marion Apartment, Block 8, No. 4 & 5, Onikoyi Estate, Banana Island, consisting of 43 units of apartments.”
“AMCON is also in possession of No. 33A, Cooper Road, Ikoyi, Lagos State; No. 8, Gerrard Road, Ikoyi, Lagos State as well as Manson Apartments, No. 6, Gerrard Road, Lagos State comprising of 60 units of three-bedroom apartments.”
