Six years after his death, a retired Assistant Inspector General of Police and Simeon Olasunkanmi Oduoye, is being asked to settle his debt, by the bad bank, Asset Management Corporation of Nigeria AMCON.
AMCON has obtained an ex-parte order freezing the accounts of the dead man, who died in 2014, to recover a debt of N63,739,508.48.
The court also granted an order of interim possession, detention and custody of land together with building thereon at House 19,1st Avenue Tajudeen Olanrewaju Housing Estate, Edmund Cresent,Yaba,Lagos Mainland local Government Area of Lagos State, used as Security for the loan by the deceased Police Officer.
Oduoye, former administrator of Niger and Ebonyi states, served in the Nigerian Police from 1965 till 1999. He became a senator in 2007, but died in 2014 at 69.
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Also affected by the order of the court are a limited liability Company Skiv Concepts Nigeria Limited, two directors of the company Olukayode Emmanuel Oduoye and Adeyemi Adeola Adetomi Oduoye
The order obtained by AMCON was sequel to an ex-parte application filed and argued before the court by AMCON lawyer, Barrister Gerald Eguaroje.
In an affidavit in support of the motion ex-parte sworn to by the AMCON Credit officer Afiniki Oyedele Lawal, it was alleged that Skiv Concepts Nigeria limited Company was availed a restructured term loan of N46,500,000 and invoice discounting facility of N56,500,000 on a tenor of six months and sixty days respectively and a loan with a Banker’s acceptance note of N9,562,500 for tenor of six months to the company.
The loan, with an interest of 20 percent had Oduoye submitting his letter of consent as guarantor for his son.
