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Recall that Justice Osiagor gave the ruling on February 7,
2022, and in compliance to the enforcement order of the Court, AMCON put
logistics together, and on Friday May 6, 2022, took effective possession of the
nine properties as listed by the Court through its Debt Recovery Agent – Robert
Ohuoba & Co.
The properties include those situate at Plot 4 & 4B
Block 66 Magodo Scheme, Lagos State; Plot 9, Block 44c, Adetoro Adelaja Street,
Magodo Lagos; No. 4C Maye Ogundana Street, Magodo Lagos; No. 10 Oluyomi Oshinkoya
Street, Magodo Residential Scheme, Lagos; Plot 8, Block 66, Residential Scheme,
Sangisha, Lagos; No. 2A John Olugbo Street, Ikeja, Lagos; No. 2 Fadeyi Street,
off Awolowo way, Ikeja, Lagos; No. 8 Surulere Alelor Street, Millenium,
Gbagada; and No. 14 Jerry Iriabe Street, off Bashorun Okunsanya, off Admiralty
Road, Lekki Penisula.
The Court also ordered the freezing of the bank accounts and
shares of the company’s directors including Mr Segun Adewale and Mrs Victoria
Adewale.
The Court additionally granted AMCON rights to seize any
other landed property in any other place that may be found within the
jurisdiction of the Federal High Court belonging to Aeroland Travels Limited or
either of its directors.
AMCON spokesperson, Jude Nwauzor confirmed that all the
property as listed in the Court Order have been taken over by AMCON with the
assistance of Court Bailiffs among other officials of the law.
AMCON had purchased the Non-Performing Loan (NPL) of
Aeroland Travels Limited from Polaris Bank (formerly Skye Bank) in 2018.
Until the coming of the order of the Court, all previous
efforts by AMCON and its representatives to resolve the debt amicably with the
obligor had proved abortive, which was why the Corporation resorted to the
Court for justice.