Author: Bashir Afeez

The founder of Bi-Courtney, and Roygate Properties Limited, Wale Babalakin, has denied owing Asset Management Corporation of Nigeria, AMCON, the sum of N49bn. AMCON in 2012 had alleged that Roygate, Bi-Courtney and Resort International Limited, were indebted to them in the sum of N9bn, N20bn and N20bn respectively. The Managing Director and Chief Executive Officer of AMCON, Ahmed Kuru, had said recently that Nigeria was structured and ruled in a way that debtors are allowed to get away with their ‘sins’. Kuru announced that the agency would be going after the  20 highest debtors including Ifeanyi Ubah, Jimoh Ibrahim, Wale Babalakin and…

Read More