Tuesday, December 7, 2021

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N924m debt: Court slams Kanu’s hotel N30K fine

A Federal High Court in Lagos has fined ex-international footballer, Nwankwo Kanu and his hotel Hardley Apartment N30,000 for stalling the scheduled hearing of debt recovery suit brought against them by the Asset Management Corporation of Nigeria (AMCON).

AMCON had dragged Hardley Apartment, its directors, Ayoola Gam-Ikon and Kanu, before the court over alleged debt of N924.7 million.

At the hearing of the matter, the respondents’ lawyer T. A. Idelegbagbon told the court that she was withdrawing all motions earlier filed in response to the suit in 2017.

However, AMCON’s counsel Jayes Ujah urged the court to fine the respondents for filing frivolous motions, adding that he had already filed his response to the processes sought to be withdrawn.

After listening to the submissions of both parties, Justice Chukwujekwu Aneke granted the respondents’ request for withdrawal of the motions, and ordered them to pay a fine of N30,000 for stalling further hearing in the matter.

The judge also ordered Kanu and his hotel to pay the money before January 20, 2022, when further hearing in the matter is expected to resume.

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