Former Cross River governor, Donald Duke, has begged court for leniency – AMCON had obtained a court’s order to take interim possession of Duke’s Ikoyi home over debt – Duke, however, told the court on Monday, September 2, that he would pay the N537m debt in 12 hours
Donald Duke, a former governor of Cross River state, has told a Federal High Court in Lagos, that he would pay his N537,334,360.77 debts to Asset Management Corporation of Nigeria (AMCON) in less than 12 hours.
The Nation reports that Duke, through his counsel, Edoigiawerie Omoruyi, on Monday, September 2, told Justice Nicholas Oweibo that he had approached AMCON with a promise to liquidate the debt before the day ended.
It was reported that AMCON had on August 8, through its counsel, Juliet Reeds, obtained the court’s order to take interim possession of Duke’s Ikoyi home. Afe Babalola makes stunning revelation, says DSS not empowered by law to arrest
The court also authorised AMCON and United Bank for Africa (UBA) to, in the interim, take possession of funds in the accounts of Duke and others in any bank. The judge made the order pursuant to AMCON and UBA’s August 8, ex parte application, marked, FHC/L/CS/1373/2019.
The applicants listed Stonehedge Investment Ltd, Duke and his wife, Owanari Bob-Manuel Duke, as first to third defendants in the suit.
It was gathered that when proceedings resumed on Monday, September 2, at about 2pm, Omoruyi said Duke was willing to liquidate the debt before twelve hours deadline for repayment of the loan. AMCON’s counsel, Austin Erhabor of Benson Reeds legal practitioners, confirmed that Duke approached the corporation with a pledge to pay the debt before the expiration of midnight.
He said: “In the spirit of trust and fairness, we will concede to an adjournment to enable us finalise the possible settlement.” Justice Oweibo upheld Duke’s prayer and adjourned till September 11, for a report of settlement.