Babalakin Accuses AMCON of Misleading The Public

Bi-Courtney Limited (BCL) has accused the Asset Management Corporation Nigeria (AMCON) deliberately misinforming the public about the facts the issues between it and Dr. Wale Babalakin.

The company said instead addressing the issues raised by its Chairman at the press he held at BCL’s headquarters in Lagos, on Monday, AMCON chose to engage in cheap blackmail and character assassination by bringing up issues that relevant to the one at hand.

According to a statement by BCL’s spokesman, Dipo Kehinde, the firm was compelled to make “certain clarifications, following the erroneous and provocative claims made by AMCON, at a press addressed by its counsel, Mr. Olisa Agbakoba, in Lagos, yesterday”.

BCL said it was not ready to issues with AMCON and, , any its legal representatives as to the circumstances the actual volume of Babalakin’s indebtedness to the corporation, but only demanded the corporation’s compliance with the order of Justice G.K. Olotu of the , Abuja, on April 5, 2012, in the suit number: FHC/ABJ/CS/50/09. However the figure of N60b suggested by AMCON is a figment of AMCON’s imagination which is consistent with AMCON’s characteristic of being cavailer with  issues especially facts and figures.

Bi-Courtney stated that paragraphs three and four of the order unambiguously directed as follows:  “An order directing the Defendant/Respondent (Attorney of the Federation), being the Chief Law and legal representative of the Federal Government of Nigeria and all its agents/agencies, including the government institutions and bodies responsible for the payment of the sum due to the Applicant, to mandatorily  compel the said government institutions and bodies to immediately comply with the judgment of this honourable court by making without any further delay the payment of N132,540,580,304.00 to the Plaintiff/Applicant (Bi-Courtney) in fulfilment of the aforesaid order of this Honourable court.nat

“An order directing the Defendant/Respondent, being the Chief Law and legal representative of the Federal Government of Nigeria to set from the above-mentioned of N132, 540, 580, 304.00, any claims agreed with the Plaintiff/Applicant to be due from the Plaintiff/Applicant to any agency of the Federal Government of Nigeria, including but not limited to the Asset Management Corporation of Nigeria (AMCON).”

It is amazing that Amcon which is a creation of the Federal Government is now refusing to acknowledge its principals instrument as a means of repayment to it thus impliedly casting aspersion on the credibility and of  its principal.


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