N4billion debt: AMCON seize assets of Geedee Zulu Investment Ltd.

Following the order of Honourable Justice M.S. Hassan of the Federal High Court, Lagos division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Mr. Frank Okwudili Ezuma and Mrs. Lilian Ifeoma Okwudili Ezuma, the chief promoters of Geedee Zulu Investment Limited over a staggering indebtedness of over N4billion.   In compliance to the enforcement order, AMCON on Monday August 31, 2020 commenced the process of effective possession of the properties through its Debt Recovery Agent – Prime Chamber Law Firm. The takeover, which has now…

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