At Last: AMCON In Debt Settlement With Ademola Seriki, Ex-Minister

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Amb. Ademola Seriki

Sequel to sseries of negotiations and eventual restructuring of his huge indebtedness by Asset Management Corporation of Nigeria (AMCON), former Minister of State for Defence and former Supervising Minister for Mines and Steel Development and current Nigeria Ambassador designate to Spain, Ademola Seriki, has fully settled his obligation with the Corporation and collected his letter of non-indebtedness.

Jude Nwauzor, Head Corporate Communications AMCON, confirmed that the former minister Mr Seriki, negotiated with the Corporation and both parties eventually reached a settlement term, which had also been fulfilled.

Explained Nwauzor: “So, having met all conditions as agreed in the terms of settlement he (Seriki) is no longer indebted to AMCON”.

He said the gesture showed even though AMCON might be in court with a good number of its obligors, the Corporation was ever ready to listen to the voice of reason especially for responsible debtors who genuinely want to settle their debt amicably without going through a lengthy and unnecessary judicial process.

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