A Federal High Court sitting in Kaduna has ordered forfeiture of the property of the Executive Secretary of Border Communities Development Agency, Captain Junaid Abdullahi, situated at Jabi Road, Kaduna.
This is contained in an order brought before the court via motion ex-parte dated September 27, 2019, in a suit No. FHC/KD/CS/76/2018 between Asset Management Corporation of Nigeria with First Aviation Limited and Captain Junaid Abdullahi as 1st and 2nd defendants, signed by the presiding judge and senior registrar 1 of the court, Justice Z. B. Abubakar and Mubarak Argungu respectively.
The order stated that the “property situated at No.7 Jabi Road, Kaduna with Certificate of Statutory Right of Occupancy No. KD/10914 and the property with Certificate of Occupancy No. LKN/RES/81/139 situated at No.6 Niger Street, Kano, used as security for the loan advanced to the defendants by Intercity Bank Plc and Unity Bank Plc is hereby forfeited in the interim to the plaintiff/applicant pending the determination of the suit”.
The order also stated that “the account maintained by the 1st defendant with Keystone Bank, and another account maintained by the 2nd defendant with Guaranty Trust Bank are hereby frozen pending determination of the suit. The freezing/taking over of funds in any account belonging to the 1st and 2nd defendants pending the determination of the suit is hereby granted.”
The motion ex-parte was brought before the court by Asset Management Corporation of Nigeria, plaintiff/applicant in which First Aviation Limited is the 1st defendant, and Captain Junaid Abdullahi is the 2nd defendant. The debt for recovery from the 1st and 2nd defendants is N315,489,577.77 made up of principal debt and accrued interest.
The matter was later adjourned to December 4, 2019 for mention.
