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Former Super Eagles Captain, Nwankwo Kanu Fined Over Alleged N924.7m Debt

Former Super Eagles Captain, Nwankwo Kanu Fined Over Alleged N924.7m Debt

Former Super Eagles Captain, Nwankwo Kanu Fined Over Alleged N924.7m DebtEx Super Eagles captain, Nwankwo Kanu has been fined N30,000 by a Lagos court for stalling the scheduled hearing of debt recovery suit brought against him by the Asset Management Corporation of Nigeria, AMCON.

The Genius Media Nigeria reports that Kanu was fined alongside his hotel, Hardley Apartment by Justice Chukwujekwu Aneke of the Federal High Court, Lagos on Friday, Daily Post is reporting.

Recall that AMCON had dragged the former Arsenal star, his hotel and its directors, Ayoola Gam-Ikon before the court over alleged debt of N924.7 million.

But at the hearing on Friday, T. A Idelegbagbon, lawyer to Kanu and Hardley Apartment told the court that she is withdrawing all motions earlier filed in response to the suit in 2017.

But AMCON’s lawyer, Jayes Ujah, objected to the request and further sought the imposition of fine on the respondents for filing frivolous motions. He said he had already filed his response to the processes sought to be withdrawn.

Ujah further demanded that the court dismisses all new processes filed by Kanu and Hardley Apartment team on the ground that they contained facts that were earlier admitted to.

Having listened to the submissions of both parties, the judge conceded to the respondents’ request for withdrawal of the motions, and also slammed a fine of N30,000 on them for stalling further hearing in the matter.

Justice Aneke said that Kanu and Hardley Apartment should pay the money before the case resumes for hearing on January 20, 2022.

AMCON had, in 2015, dragged Hardley Apartment, its directors, Gam-Ikon and Kanu before the court in its bid to recover alleged debt owed a bank.

In an affidavit in support of the suit deposed to by a Credit Officer, Victor Igabor, AMCON said between May 2008 and January 2011, the bank offered Hardley Apartments a loan of N520,457,000.


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