The Asset Management Corporation of Nigeria (AMCON) has taken over assets owned by Senator Abdulfatai Buhari.
The agency seized the lawmaker’s properties because of his unwillingness to offset a N600 million loan.
The corporation said it took the action after securing a court order to sell the assets to recover the loan.
Head, Corporate Communications, Asset Management Corporation of Nigeria (AMCON), Jude Nwauzor, who confirmed that the properties were effectively under AMCON’s possession explained that the enforcement was carried out in a seamless manner, as the court had directed officers and men of the Police, court bailiffs and other security agencies to assist AMCON in securing the assets.
AMCON alleged that Buhari had shown unwillingness to repay the loan, despite the concessions made available to him by the Corporation in a bid to amicably resolve the matter.
Buhari, elected on the platform of the All Progressives Congress (APC), represents Oyo North.
The unpaid loan was taken by a Buhari-linked company, Abadat Ventures Limited, from a major bank.
The enforced properties include property situated at No 12, St, Petersburg Street, Wuse II, Abuja and Plot 516, (also known as No 2. Marte Close), off Misau Crescent, off Birnin Kebbi Crescent, Garki II, Abuja.
