Kanu Nwankwo is lying – AMCON


The Asset Management Company, AMCON, has countered claims by former Super Eagles star, Nwankwo Kanu, insinuating that his medals were stolen at his hotel, The Hardley Apartments, which the government owned company took over on account of defaulting on a bank loan.

Kanu and AMCON have been in a protracted court battle over The Hardley Apartment located at Victoria Island which the ex-international used to collateralize an unperforming loan with AMCON in 2015 obtaining an order from the Federal High Court to take possession of the property.

Earlier in the week, the former footballer granted an online medium interview claiming all souvenirs and medals he won in his active years, including 1996 Atlanta Olympic Games gold medal kept in the said hotel were stolen, apparently by AMCON.

Refuting Kanu’s claim in a statement on Wednesday, AMCON’s Head, Corporate Communications, Jude Nwauzor, wrote, “AMCON is not in the habit of joining issues with obligors on the pages of newspapers especially when the matter is in court as in this one.

“It is noteworthy that similar clarification was made by the corporation in 2017, when the debtor claimed that AMCON had illegally taken over his hotel. However, as a law abiding recovery agency of the Federal Government of Nigeria, we are at all times guided by the law and would continue to act accordingly irrespective of obligor’s social, political or economic status.

“The public is hereby informed that these stories are meant to instigate sentiments in the media and the public on the true position of the indebtedness of The Hardley Apartments (promoted by Nwankwo Kanu) 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; extended on so many invitations for discussion, which were turned down, AMCON in 2015 obtained an order from the Federal High Court, which granted the corporation 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, being the asset pledged as collateral for the loan.

“The procedure was done with the court bailiff and inventory of property was taken, which did not include any medals as claimed. This order still subsists, pending the determination of the substantive matter. The public should therefore please disregard these misrepresentations as we await the pronouncement of the court on the matter.”

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