N5.2bn Debt: Bank, receiver manager takes over A-Z Oil properties

Union Bank of Nigeria Plc, and Mr. Gbenga Akinde-Peters, a receiver/manager have taken over landed properties belonging to A-Z Petroleum Products Limited. The company’s landed property situated at Plot 3508 Cadastral Zone A06, Maitama District, Abuja, covered by a Certificate of Occupancy (C of O) dated September 7, 2005, and registered as No. 3586, Vol. 18, at Abuja Land Registry, was sequel to a Mareva Injunction, granted by a Federal High Court, Lagos, to the Bank. The Mareva Injunction filed and argued by Mr. Temiloluwa Adamolekun, filed and argued was…

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