AMCON Wants Ogboru, Comapny Probed Over N6bn Bad Loan


The Asset Management Corporation of Nigeria (AMCON) has petitioned the Special Fraud Unit of Nigeria Police force (SFU), asking the Police to investigate Chief Great Ogboru and his company Fiogret over alleged disappearance of several truck load of frozen fish in custody of its receiver manager.

The petition, jointly signed by the Chief legal officer and head loan management of AMCON, Mr. Benedict Daminabo and Kamiliu Omokide, alleged that AMCON acquired various loan facilities availed to Fiogret Limited by Afribank Plc, Oceanic Bank Plc and Equatorial Trust Bank respectively.

The alleged total sum of the loans acquired is N6, 410,001,198.16 as at September 24, 2012.

The petitioner further alleged that Fiogret Company deposited some title documents of some landed properties in favour of Oceanic Bank among which is a certificate of occupancy in respect of property situate at Plot 32, Park View Estate, Ikoyi, Lagos.

However, when Fiogret Company failed to liquidate its debt, AMCON appointed a receiver/manager, Messers Kunle Ogunba and associate to ensure the repayment of the debt.

The petitioner stated that they were constrained to write the petition to the Special Fraud Unit for intervention in unravelling the activities of the Directors of Fiogret, as it relates to the possession of a cloned certificate of occupancy and illegal carting away of large volume of stock fish from the warehouse at Apapa.

The petitioner alleged that the Directors of Fiogret forcefully broke into the premises and disposed the receiver/manager of the property during the pending of an order of the court to that effect.

Besides, the petitioner alleged further that the loan facility availed to Fiogret Limited by Oceanic Bank was secured by a charge on property known as Plot 32, Parkview Estate, Ikoyi, Lagos.

But, a search carried out by AMCON at the land registry in respect of the Certificate of Occupancy revealed that the same property has been previously mortgaged to another bank before same was fraudulently offered to the Oceanic Bank.

It would be recalled that, Kunle Ogunba SAN, , on March 1, 2013, legally took over as receiver manager the assets of Fiogret company including the one at 13A Ijora Causeway, Lagos which houses various pieces of frozen fish.

But, Fiogret lawyer filed an application challenging the jurisdiction of the court and also praying the court to set aside its interim order.

However,  AMCON was  shock that while the ruling of the court was pending the Directors of the company forcefully entered the company at 13A Ijora Causeway Lagos, chased the private security personnel stationed at the premises away and carted away more than thirty trailers of frozen fish to an unknown destination.

In respect of these allegations, AMCON is asking the Commissioner of Police in charge of Special Fraud units to investigate the matter and bring the perpetrators to book.