ABUJA (Sundiata Post) – The lawmaker representing Anambra Central Senatorial District, Senator Victor Umeh, has been ordered by a Federal High Court in Abuja, to pay the sum of N135,722,303.40k along with accrued interest to the Asset Management Corporation of Nigeria (AMCON) over his unpaid bank loan.
Justice Inyang Edem Ekwo issued the order in a judgement delivered in a suit marked: FHC/ABJ/AMC/12/2022 filed by AMCON.
Justice Ekwo, who declared that Umeh was actually indebted to AMCON, issued an order directing the forfeiture of Umeh’s 5,000,000 units of Skye Bank shares in the records of the Central Securities & Clearing System to AMCON.
The judge also awarded a cost of N2m in favour of AMCON and against Umeh, who is currently the Chairman, Senate Committee on Diaspora.
