Connect with us – Proudly Nigerian DIY Motivation & Information Blog

Entertainment News

AMCON: We Have Court Order To Take Over Kanu Nwankwo’s Hotel Because Of Huge Debt

AMCON court order take over kanu hotel

January 23, 2018 – We Have Court Order To Take Over Kanu Nwankwo’s Hotel Because Of Huge Debt – AMCON

On Monday, AMCON denied reports that it illegally seized a hotel belonging to ex-Eagles captain, Mr Kanu Nwankwo.

The corporation in a statement, said the reports were false and urged the public to ignore them.

“The attention of Asset Management Corporation of Nigeria (AMCON) has been drawn to some inaccurate stories that are sponsored on some online publications regarding the huge debt of the promoter of The Hardley Apartments, Mr. Nwankwo Kanu, former captain of the Nigeria Super Eagles of Nigeria”.

“AMCON is not in the habit of joining issues with obligors on the pages of the newspapers especially when the matter is in court as in this one. However, as a law abiding recovery agency of the Federal Government of Nigeria, we are at all times guided within the confines of the law and would continue to act accordingly.

“The general public is hereby informed that these stories are brazen falsehood meant to mislead the public on the true position of the Nwankwo Kanu’s massive indebtedness to the Corporation. We also want to put on record that having exhausted all avenues of peaceful resolution as a result of the huge debt, AMCON in 2015 obtained an order from the Federal High Court, which gave the Corporation permission to take possession of The Hardley Apartments located at No. 46 Waziri Ibrahim Crescent, Off Elsie Femi – Pearse Crescent, Off Adeola Odeku Street, Victoria Island in Lagos State.

This order still subsists, pending the determination of the substantive matter. “The public should therefore please disregard these misrepresentations as we await the pronouncement of the court on the matter.”



  1. Lola fadipe

    January 23, 2018 at 7:12 AM

    but what happened, the hotel is one of the best

    • DB

      January 23, 2018 at 8:59 AM

      probably because people dont know how to seperate business money from personal money.

  2. J. B. Hunter

    January 23, 2018 at 9:05 AM

    @ Lola, I think high degree of mismanagement must have caused this.
    Kanu does not really deserve this sort of reproach considering his little but patriotic contributions to the country.
    So disappointing indeed.

    I take a stroll…

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Entertainment News



winning by stealth

Tony Ogunlowo

Winning By Stealth

By March 28, 2023
World Autism Acceptance Week 2023 article

Tony Ogunlowo

World Autism Acceptance Week 2023

By March 28, 2023
ghana must go history what happened between nigeria and ghana in 1983 Latest News Updates

Ghana Must Go History: Why Ghanaians Hate Nigerians…The Untold Story

By March 28, 2023
Adebutu Kessington biography

Inspiring Success Stories Of Wealthy Nigerians

The Rise Of Adebutu Kessington Baba Ijebu: Nigerian Lottery Mogul and Philanthropist

By March 28, 2023
mo abudu success story

Inspiring Success Stories Of Wealthy Nigerians

From Dreams to Reality: The Inspiring Story Of Mo Abudu’s Rise to the Top

By March 28, 2023


To Top