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Court unseals Lagos school taken over by AMCON

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A Federal High Court, Lagos, yesterday ordered the Asset Management Corporation of Nigeria (AMCON), to unseal a private school, Queensland Academy Limited, Okota, with immediate effect.

The school was sealed by AMCON over alleged indebtedness to the organisation.

Trial judge, Ibrahim Buba, gave the order, following a complaint made by counsel to the school, Mr. Debo Adeleke.
Adeleke, who told the court that AMCON acted in flagrant violation to court order.

Justice Buba had on May 23, granted an exparte application brought before it by AMCON against Mr. Maxwell Okudor, Mrs. Lillian Okudor, Kemmep Nigeria Limited, and Queensland Academy, for their failure to pay the sum of N60 million, owed BankPHB, which has been taken over by AMCON.

Following the granting of the exparte application, AMCON officials on May 30, 2108 allegedly invaded the school with armed policemen and sealed it up.

Adeleke told the court yesterday that the school was not pledged as security for the facility taken by the first to third respondents from BankPHB.

According to him, as at the time the order was being sought and granted, the school was already and presently conducting NECO, IJMB and other examinations for its students.

He added that AMCON misrepresented facts in obtaining the order.

Moved by the submissions of counsel to the school, Justice Buba directed the immediate unsealing of the school by AMCON.


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AMCONIbrahim Buba
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