Hon. Justice Saliu Saidu of the Federal High Court Lagos Division has granted an injunction against Osigwe Foods and Agro Industrial Company Limited, owned by Chief Anselm Kayode Mohammed on the application of Asset Management Corporation of Nigeria (AMCON). The obligor owes AMCON nearly N5billion. AMCON purchased the huge debt during the first, second and third phases of purchase of Eligible Bank Assets (EBAs) from Union Bank, Unity Bank, EcoBank and the defunct Fin Bank respectively. The order also affects Chief Anselm Kayode Mohammed’s massive private residence with tenants on…
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