JUST IN: AMCON Takes Over Buba Galadima’s Firm Over ‘N900m Debt’

The Asset Management Corporation of Nigeria (AMCON) has taken over the residence and company of Buba Galadima, a former ally of President Muhammadu Buhari, over debts up to the tune of N900 million.

Jude Nwauzor, the corporation’s corporate communications head, disclosed this in a statement on Tuesday.

He said Galadima and Bedko Nigeria Limited, his company, owe AMCON nearly N900 million which was purchased during the first phase of Eligible Bank Assets purchase from Unity Bank Plc in 2011.

Details later