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Tag: Doggi Group

AMCON takes over Doggi Group assets over N400 million debt

AMCON takes over Doggi Group assets over N400 million debt

Business
The Asset Management Corporation of Nigeria (AMCON), Thursday, took effective possession of the two properties belonging to Umaru Baba Abdullahi, the Chief Promoter of Doggi Group Limited, over an indebtedness of over N440million. This follows a Federal High Court, Abuja division, presided over by Justice A.I. Chikere granting it order on June 5, 2020, to take over Abdullahi’s assets. Pursuant to the order, AMCON through its Receiver – Mrs. Juliet Benson of Benson Reeds Legal Practitioners, took possession of the two properties situated at Plot 3810, Cadastral Zone A04, Asokoro District, Federal Capital Territory (FCT), Abuja; and Plot 1274, Cadastral Zone B07, Katampe Hills, Katampe District, Abuja. The bad debt agency said the case of Doggi Group Limited and its promoter has been ...