{"id":1749,"date":"2017-03-11T00:53:50","date_gmt":"2017-03-11T00:53:50","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/?p=1749"},"modified":"2017-03-11T00:53:50","modified_gmt":"2017-03-11T00:53:50","slug":"court-orders-amcon-take-guest-house","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/court-orders-amcon-take-guest-house\/","title":{"rendered":"Court Orders AMCON to Take over Guest House"},"content":{"rendered":"

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Hon. Justice Babs O. Kuewumi of the Federal High Court Lagos Division has granted an injunction against Mustasons Guest House Limited on Ajose Adeogun Street, Victoria Island, Lagos on the application of Asset Management Corporation of Nigeria (AMCON).<\/p>\n

The court order, according to a statement, also restrained Alhaji Mustapha Aliyu Wushishi, the promoter of Mustasons Guest House Limited from the assets and properties of the guest house and another property situated at Plot 1111B, Amichi Close, Victoria Island, Lagos. Alhaji Wushishi and Mustasons Guest House Limited have been in court with AMCON over huge indebtedness of nearly half a billion naira.<\/p>\n

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Justice Kuewumi, the presiding judge while granting the order on the application of Mr. Idowu Ibrahim, counsel to AMCON, restrained Mustasons Guest House Limited and Wushishi, their directors, staff, management, employers, agents, officers, privies or any other person or group of persons whatsoever under the respondents\u2019 authority or any other authority (however derived or sourced) from tampering with, selling, leasing, removing from the jurisdiction of the court or dealing in whatsoever manner with the respondents\u2019 assets\/properties situate at Mustasons Guest House Plot 91, Ajose Adeogun Street, Victoria Island Lagos and Plot 1111B, Amichi Close, Victoria Island respectively owned by the respondents.<\/p>\n

\u201cThe court therefore granted AMCON (claimant\/applicant) the powers to take possession of the assets\/properties of Mustasons Guest House Limited and Alhaji Wushishi as listed<\/a> in the order paper. Justice Kuewumi also ordered the freezing of all the identifiable and\/or traceable accounts of the respondents either current, savings, fixed deposit, domiciliary, howsoever tagged with various banks and financial institutions both in Nigeria and abroad and a consequential order, mandating all the banks and financial institutions to furnish AMCON (through its solicitors) details of the respondent\u2019s accounts domiciled with them within seven days of the service of the court order,\u201d the statement added.<\/p>\n

Confirming that AMCON had taken over the assets and property since March 7, 2017, Head, Corporate Communications, AMCON, Jude Nwauzor, said: \u201cThe debt is long overdue and before we got to this stage we had patiently tried to resolve the matter without going to court; but as you can see all efforts by the Corporation to get the obligor to repay the indebtedness have proved abortive.<\/p>\n

Therefore having exhausted all avenues of peaceful resolution, there was no other option available to us than to commence enforcement action against Mustasons Guest House Limited and its promoter as provided under Section 49-52 of the AMCON Act.\u201d<\/p>\n


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  Hon. Justice Babs O. Kuewumi of the Federal High Court Lagos Division has granted an … Court Orders AMCON to Take over Guest House<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1750,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[695,15230,333,334,335,617,684,522,41],"class_list":["post-1749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-agent","tag-amazon","tag-amcon","tag-amcon-nigeria","tag-asset-management-corporation-of-nigeria","tag-house","tag-lagos","tag-nigeria","tag-property"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/AMCON.jpg?fit=696%2C522&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5617,"url":"https:\/\/amazingproperty.com.ng\/blog\/family-battles-amcon-ecobank-over-mortgaged-property\/","url_meta":{"origin":1749,"position":0},"title":"Family battles AMCON, Ecobank over mortgaged property","author":"Amazing Property","date":"August 7, 2017","format":false,"excerpt":"Omotoso family initiated another suit against AMCON , the Inspector General of Police and one Abubakar Balteh at the Federal High Court, Lagos seeking for the enforcement of their fundamental rights to property. 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Legal fire works over the property housing the Best Western Hotel Ikeja, a four Star hospitality facility situated at 12, Allen Avenue and owned by Suru World Wide Ventures Limited has shifted to the appellant court. The hotel is one\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Best Western hotel","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Best-Western.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Best-Western.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Best-Western.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Best-Western.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Best-Western.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7081,"url":"https:\/\/amazingproperty.com.ng\/blog\/lagos-high-court-hears-suit-on-ikeja-mortgaged-property\/","url_meta":{"origin":1749,"position":2},"title":"Lagos High Court hears suit on Ikeja mortgaged property","author":"Amazing Property","date":"November 13, 2017","format":false,"excerpt":"Legal battle over the soul of the landed property situate at 5, Oduduwa Street, GRA Ikeja, Lagos between the Administrators of the Estate of the late Samuel Iyiola Omotoso, Ecobank Nigeria Plc and Registrar of Titles, Lagos State resumed today, November 13, 2017 at the Lagos High Court , Ikeja.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"court.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/court.jpg?fit=1200%2C749&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/court.jpg?fit=1200%2C749&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/court.jpg?fit=1200%2C749&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/court.jpg?fit=1200%2C749&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/court.jpg?fit=1200%2C749&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8500,"url":"https:\/\/amazingproperty.com.ng\/blog\/valuation-certificate-will-stem-anticipatory-assets-declaration\/","url_meta":{"origin":1749,"position":3},"title":"\u2018Valuation certificate will stem anticipatory assets declaration\u2019","author":"Amazing Property","date":"April 9, 2018","format":false,"excerpt":"Abonta The new president of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Mr. ROWLAND ABONTA plans to \u00a0create enabling environment for business development and job opportunities for members. 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