Latest Politics

AMCON takes over PDP chieftain, Galadima’s company over alleged N900m debt

APC CRISIS: Oshiomhole lacks wisdom —Galadima

The Asset Management Corporation of Nigeria (AMCON) on Tuesday took over the residence and company of a Peoples Democratic Party (PDP) chieftain, Buba Galadima, over an alleged N900 million debt.

The AMCON Head of Corporate Communications, Jude Nwauzor, disclosed this in a statement on Tuesday.

He said the man’s company, Galadima and Bedko Nigeria Limited, owe AMCON nearly N900 million which was purchased during the first phase of Eligible Bank Assets purchase from Unity Bank Plc in 2011.

Galadima, a former ally of President Muhammadu Buhari, pitched tent with the PDP presidential candidate in the 2019 presidential election, Atiku Abubakar, in the run-up to the poll.

READ ALSO: Jonathan’s 2015 campaign donations under investigation – EFCC

He reportedly parted ways with President Buhari over irreconcilable differences and predicted his defeat in last year’s election.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Join the conversation

Opinions

About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Do NOT follow this link or you will be banned from the site!