Skip to content

Calitown

News, Here, Everytime!

  • Home
  • News
    • Cross River News
  • Features
  • Community
  • Inspirational
  • Toggle search form
  • “Putting The Record Straight” – Jarigbe Makes Clarification! News
  • 2027: Ayade Reveals He Is Not Running For Senate! News
  • Otu Assure Retirees Of Outstanding Gratuities, Swears In New Head Of Service Cross River News
  • Unical VC Commends Students Heading To London For Nextgen Innovation Grand Finale Cross River News
  • Ikom/Calabar Highway: Hellish Times Continue Cross River News
  • Meet Pastor Peter Inyang, The Man Of God Bringing The “Jesus Or Nothing” Crusade To Calabar! Cross River News
  • First Ugep Open Table Tennis Tournament Ends, Winners Carts Away Cash Prizes Community
  • UPCA Express Commitment To Communal Development Of Ugep Cross River News

AMCON Is Mischievous; The Plot Was To Rubbish Me – Donald Duke

Posted on September 5, 2019 By Admin No Comments on AMCON Is Mischievous; The Plot Was To Rubbish Me – Donald Duke

By Gideon Njoku

Donald Duke

Former governor of Cross River State, Donald Duke, has dismissed the Assets Management Company Of Nigeria, AMCON, as not only a liar, but full of mischief.

He also said that he was deliberately targeted by AMCON so as to rubbish him. Otherwise, the former governor submitted, his name could not have featured on the list of its first 100 debtors, as he was not indebted to AMCON as much as several other debtors, whose names, nonetheless, did not feature before his.

From what the former governor claims he owes, it seems odd that he was not listed among debtors owing below N500m. Otherwise, his name ought to have come featured on serial number 102 or 103.

Duke also decried the excitement which followed the publication of his name, and disputed the amount published against him, insisting he owed the sum of N340 million, as against AMCON’s claim of N527 million. According to him, he has now paid back the loan of N340 million.

Recall that AMCON has dragged Duke to court over his indebtedness to the tune of alleged N527 million, in favour of the United Bank for Africa, UBA. It sought for the forfeiture of Duke’s Ikoyi properties, to offset the debt incurred in the form of a loan. The Court granted the request.

But on Monday, Duke went back to the court, pleading, through his Counsel, Edoigiaweria Omoruyi, for an out of court settlement, and asking for a few days to offset the bill. AMCON’s Counsel, Juliet Reed, represented by Austin Erhabor, did not object. Erhabor confirmed that both parties were in discussions for settlement.

From his reaction on Tuesday, it appears Duke has clearly offset the debt and went further to clarify the circumstances of his indebtedness to AMCON.

He said: “Recently news of an obligation I owe to AMCON has made the news. Whilst I do not understand the excitement this has generated, bearing in mind that debts far far in excess of this have not received a whisper, clearly someone or some people are having fun at my expense, I think it appropriate now that the issue has been laid to rest to state my side of the matter.

AMCON made a claim of N527 million against me which I disputed. I guess to arm twist they went to court and created a media circus. Having done what I consider their worse, I insisted on what I believe is the correct amount N340m. We have since agreed and thus paid

I hope this takes the air out of the balloon. There was nothing to be excited about after all.”

Share this post:

Share on X (Twitter) Share on Facebook Share on LinkedIn Share on Email Share on WhatsApp Share on Telegram
Cross River News, News Tags:AMCON, Debt, Donald Duke

Post navigation

Previous Post: Alex Egbona Issues Press Statement After Tribunal Judgement
Next Post: Suspected Pastor Fingered In Beheading Of Three Escapes Death, Church Burnt

Related Posts

  • CR Swears In Local Council Chairmen, Opposition Carpets Exercise News
  • Four Killed As Fresh Cult War Erupts In Calabar (Viewer Discretion Is Advised) Breaking News
  • ASPIRE Foundation Holds Seminar, Commits To Further Youths Education Cross River News
  • 18 Make Final List Of Cross River Most Beautiful Girl, 3rd Edition Cross River News
  • Ricketts, NPA Chairman Greets Amaechi At 55 Cross River News
  • CR Labour Party Draws First Blood, Accuses PDP Of Attack On Gershom Bassey Cross River News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Comments

  • Ben John on Ikom/Calabar Highway: Hellish Times Continue
  • Jane Luka Lamba on Edgerley, My Edgerley: With Nostalgia I Remember Edgerley!
  • CHATS on Politicians, Supporters Besiege PDP Office, Ndoma-Egba Backs Out Of Ward Congress
  • Michael on See Full List Of 24 Academic Staff In Unical Promoted To Professorial Cadre

ADVERT: Click to Watch!

https://calitown.com/wp-content/uploads/2017/10/VID-20170928-WA0003.mp4
  • BREAKING: Imoke Re-instates Suspended Commissioners And SAs News
  • Ewa-Henshaw, Adah Go To NDDC News
  • CR PDP Chair Fails To Convince Imoke Cross River News
  • CR Central Senator Visits Security Chiefs, Seek Collaboration To Tackle Insecurity CR Central Cross River News
  • Mayhem Unleashed At Mr & Miss Leboku 2015 Community
  • Calabar Big Boy And Entrepreneur Passes On! Cross River News
  • 30 Awaiting Death In Calabar’s Afokang Prisons News
  • Police Inspector Dies While Watching Arsenal Vs Real Madrid Match In Calabar Cross River News

CALITOWN
...News, Here, Everytime

Quick Menu

  • Home
  • News
    • Cross River News
  • Features
  • Community
  • Inspirational

Copyright © 2021 calitown
172 Greenwood Avenue , Hull. East Yorkshire. HU6 9NY

Powered by PressBook News WordPress theme