Politics
Senator Umeh Denies N136m Debt Allegations Calls AMCON’s Claims Fraudulent
Senator Umeh Denies N136m Debt Allegations Calls AMCON’s Claims Fraudulent....KINDLY READ THE FULL STORY HERE▶
The Asset Management Corporation of Nigeria (AMCON) secures a N136 million judgment debt against Senator Victor Umeh, who claims the verdict is based on fraudulent claims………CONTINUE READING
Federal High Court in Abuja Orders Senator Umeh to Pay N135.7 Million Debt to AMCON
In a recent judgment, Justice Inyang Ekwo directs Senator Victor Umeh to settle a N135,722,303.40k debt along with accrued interest to AMCON over an unpaid bank loan, leading Umeh to label the decision as fraudulent.
Umeh Denies Being Served and Alleges Lack of Fair Hearing in AMCON Case
Senator Umeh reacts to the judgment, asserting that he was not served the suit and claims the trial was conducted behind him, emphasizing the lack of fair hearing in the case brought forth by AMCON.
AMCON Accuses Umeh of Defaulting on Bank Loan, Seeks Forfeiture of Skye Bank Shares
AMCON’s court documents allege that Senator Umeh obtained a loan from the now-defunct Skye Bank in 2008, and the corporation is pursuing the forfeiture of Umeh’s 5,000,000 units of Skye Bank shares as part of the debt recovery.
Umeh Plans to Challenge “Fraudulent Judgment” and Highlights Unfair Treatment by AMCON
Senator Umeh expresses his intention to challenge the judgment, citing fraudulent manipulation of the court by AMCON and emphasizing the need to set aside the verdict due to lack of fair hearing. Umeh criticizes AMCON for targeting victims instead of investigating the failures in the banking and stock exchange sectors.
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Source: Bushradiogist
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