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AMCON taking possession of Peace Global properties illegal, fraudulent — CLO By Ifeoma Ikem

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The Civil Liberties Organization (CLO) has berated AMCON for failing to obey court orders on an ongoing case involving the agency and Peace Global Satellite Communications Limited.

 

 

The Human Rights Organization made this known in Lagos during a press conference.

The organization mentioned above conducted a thorough investigation on the dispute between Peace HGlobal and AMCON.

An unedited press statement issued and signed by Comrade Abiola Bakare the chairman as well as Comrade Enitan Joseph the secretary.

Precedent of the Matter

Our Organisation ( CLO) acknowledged a complaint from Barrister Oreye U.L. MD/CEO Peace Global/ Peace Hotels Limited, Omole Estate Lagos State.

He related his plight on how AMCON went to obtain an ex-parte order to take possession of his properties in Omole Estate Lagos when the matter of the exact quantum of Debt owed by Peace Global Satellite Communication Ltd is on appeal at the nation’s Apex Court. The Supreme Court, which he believed very strongly that the ex-parte order was to undermine or truncate the course of Justice.

He explained how Peace Global borrowed N178 Million from Wema Bank Plc. In 2004 to roll out the wired phone network in Omole Estate Phase 1,2 and it’s environs N162 Million was paid back after obtaining the loan, remaining a balance on principal of N16million. 2 years later, thunder storm destroyed the network that was acquired through the loan and Wema Insurance Brokers failed to process the thunder storm claim.

Barrister Oreye stated further that at a point Wema Bank Plc attempted selling the collateral used in securing the loan without due process hence Peace Global went to court in 2009.

Upon the creation of AMCON in 2010, Wema Bank misrepresented to AMCON that the balance on the principal was N240 Million instead of N 16 Million, which made AMCON bought the loan at N123 Million in 2012. Upon detection of the padding by Wema Bank of the loan amount. Peace Global wrote immediately to AMCON alleging false misrepresentation of figures.

Let’s actually straight line function of AMCON. You would recall that Asset Management Corporation Of Nigeria (AMCON) was established on the 19th July, 2010, when the President of the Federal Republic of Nigeria signed the AMCON act into law.

AMCON was created to be a key stabilizing and re-vitalizing tool aimed at reviving the financial system by efficiently resolving the non-performing loans assets of the banks in the Nigerian economy. AMCON being a machinery of Government meant to protect the productive sectors of the economy and depositors / customers alike.

Barrister Oreye also informed us that AMCON which was created in 2010 and the debt was bought on 20th June, 2012 when the matter was over 3 years old in court and after AMCON had had been joined by Order of Court on 23rd of February, 2012.

Based on issues raised by Peace Global concerning padding of Peace Global’s debt which AMCON bought from Wema Bank, the letter which Peace Global wrote to AMCON was passed to WEMA to respond to and in Wema Bank’s reply Wema Bank denied telling Peace Global that debt on principal was N240 Million but claimed that the debt on principal was N60 Million.

In short, the suit which has been in court was dismissed on the technical ground that claimants failed to file the CMC whereas the claimant filed the CMC form, but was yet to serve the parties.

On the 24th July, 2020, Barrister Oreye explained that without being served any court process, a bailiff of Federal High Court Sheriff was at his property presented Court Orders dated 9th March, 2020 issued by Federal High Court, Abuja which it expires if no motion on notice is served within 14 days of the ex-parte for possession was not appropriately obtained and executed hence, it was invalid and fraudulent.

Writ of Summons was filed on the 20th March, 2020 and served on them on 28/08/2020 in the supporting Affidavit, it was claimed fraudulently that the matter was not pending before any court whereas it was pending before the Supreme Court.

Despite all these fundamental flaws, Barrister Oreye together with his wife and family were dehumanized and humiliated, traumatized by AMCON locking up the gates of his business and writing “POSSESSION TAKEN TODAY 24-07-2020 BY COURT ORDER IN SUIT NO.FHC/ABJ/156/2020 IN RECEIVERSHIP BY AMCON” on the gate and the wall of his business. At his residence where he lives with his family, similar signage was written boldly respectively.

Having carefully gone through relevant documents on the matter brought to our office, the CLO found it expedient to intervene in the matter so as to protect Barrister Oreye and his family’s fundamental human rights.

This has done great havoc, violence to their fundamental human rights to reputation, privacy, to own properties, and to do business in line with the constitution of the Federal Republic of Nigeria Chapter IV (43). (Human rights).

Moreover, Barrister Oreye (MD Peace Global) had been working very hard in adding value to the youths in Nigeria by providing legitimate employment and services to people via his companies. Such a man should be supported and be encouraged to do more rather than exposing him and his wife, children to unscrupulous embarrassment and traumatized torture The siege of 8 uniform guards that are still monitoring the movement of the family at their residence and Peace Hotels Customers is traumatizing and in human.

We however, wrote to the MD AMCON, in our letter dated 3rd of December, 2020 in respect of the matter, where we requested AMCON to withdraw 8 nos uniform guards workers stationed at the residence and business premises of Barrister Oreye MD/CEO of Peace Global/Peace Hotels Limited Omole, Ikeja , Lagos.

Also, when our organization heard about the reappointment of Mr. Ahmed Kuru as Managing Director of the Asset Management Corporation, Mr. Eberechukwu Uneze and Mr. Aminu Ismali as Executive Director for the final term of five years which the nominations were forwarded to the senate of the Federal Republic of Nigeria for confirmation in accordance with section 10(1) of the AMCON act, 2010.

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Governor Dauda Lawal Approves ₦3.759 Billion For Gusau Water Supply Rehabilitation

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Governor Dauda Lawal Approves ₦3.759 Billion For Gusau Water Supply Rehabilitation

 

The Zamfara State Government, under the leadership of His Excellency, Governor Dauda Lawal, has approved the sum of ₦3,759,931,812.50 for the immediate rehabilitation of the Gusau Water Supply Scheme (Phase I). This forms part of the administration’s sustained efforts to address water scarcity and improve access to clean and safe water in the state capital.

 

The approval was granted during a meeting of the State Executive Council following the submission of a memorandum by the Ministry of Works and Infrastructure, which sought urgent intervention on the deteriorating water supply system in the Gusau metropolis.

 

The project is aimed at restoring efficient water production and distribution across the city, ensuring reliable service delivery to residents, and strengthening public health and sanitation standards.

 

The State Government further reaffirmed that funding for the project has been duly captured in the 2026 Appropriation Law, reflecting its commitment to prioritizing critical infrastructure and improving the quality of life of citizens.

 

Upon completion, the Zamfara State Water Corporation will oversee the operation and maintenance of the rehabilitated facilities to ensure sustainability and long-term service delivery.

 

This initiative underscores the commitment of the administration of Governor Dauda Lawal to addressing key developmental challenges and fulfilling its promise to provide essential services to the people of Zamfara State.

 

The government calls on residents to support ongoing efforts and cooperate with relevant authorities to ensure the successful execution of the project.

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Oluwatope Oluwadarasimi Applauds FG’s Stance Against Raw Mineral Export, Urges Stakeholder Support.

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Oluwatope Oluwadarasimi Applauds FG’s Stance Against Raw Mineral Export, Urges Stakeholder Support.

 

Oluwatope Oluwadarasimi has commended the Honourable Minister of Solid Minerals Development, Dele Alake, for his firm stance that mining licenses in Nigeria will only be granted to investors who demonstrate clear, actionable plans to add value to raw materials within the country.

 

In a statement issued on Tuesday, Oluwadarasimi praised the Minister’s reaffirmation — made during his address at the Kenya Mining Investment Conference — that the Federal Government will no longer award licenses to investors who merely extract and export raw minerals without contributing to local processing and industrial development.

 

He described the policy direction as “a bold and necessary step toward strengthening Nigeria’s economy and ending decades of dependence on raw material exports.”

 

*‘African Minerals Must Create African Wealth’*

Oluwadarasimi, who has consistently championed the principle that _“African minerals must create African wealth,”_ said prioritizing in-country beneficiation and processing is critical to unlocking the sector’s full potential.

 

“Value addition is non-negotiable if we are serious about industrialization,” he stated. “Processing our minerals locally will generate thousands of direct and indirect jobs, enhance technology transfer, boost small and medium-scale industries, and significantly increase national revenue through higher-value exports.”

 

He noted that Nigeria loses billions annually by exporting unprocessed lithium, gold, barite, and other critical minerals, while importing finished products made from those same resources. “This policy breaks that cycle,” Oluwadarasimi added.

 

*Call for Responsible Investment and Stakeholder Alignment*

Oluwadarasimi emphasized that the Minister’s position would encourage responsible investment, promote sustainable and environmentally sound mining practices, and position Nigeria as a competitive player in the global minerals value chain.

 

He urged stakeholders across the mining sector — including foreign investors, local operators, financial institutions, and host communities — to support the government’s vision by aligning their operations with policies that promote local value addition, skills development, and economic growth.

 

“Compliance is not just regulatory; it is patriotic and profitable,” he said. “Investors who process locally will find a ready market, government incentives, and a more stable operating environment.”

 

*A New Era for Solid Minerals*

Oluwadarasimi concluded by reiterating his support for the Ministry of Solid Minerals Development and expressed optimism that this strategic direction would usher in a new era of prosperity for Nigeria’s solid minerals sector.

 

“The era of ‘dig and ship’ must end. With Minister Alake’s leadership, we are seeing the political will to ensure Nigeria’s mineral wealth finally works for Nigerians,” he said.

 

Oluwatope Oluwadarasimi is an advocate for resource nationalism, industrial development, and sustainable mining practices in Africa.

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Discipleship: “Walk with the Wise and You Will Become Wise” — Dr Chris Okafor

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Discipleship: “Walk with the Wise and You Will Become Wise”
— Dr Chris Okafor

…Evil communication corrupts good character
…The Holy Spirit is the seal of redemption

 

 

True Christian living, beyond winning souls, requires nurturing and sustaining new converts in the faith. This was the central message delivered by the Generational Prophet and Senior Pastor of Grace Nation Global, Dr Chris Okafor, during a teaching on “Understanding the Act of Discipleship.”
According to him, soul winning without proper establishment and follow-up defeats its purpose. “The goal is not just conversion but fruitfulness and continuity in Christ,” he emphasized, noting that believers must also understand the conditions that make prayers effective.

The Necessity of Discipleship

Dr Okafor outlined why discipleship is essential in the Christian journey:
New converts require guidance to withstand temptations that could pull them back into their former ways.
They must gradually disconnect from relationships and habits that previously weakened their faith.
Support systems should be in place to help them navigate personal and spiritual challenges.
Consistent follow-up, rooted in love and care, helps prevent discouragement and negative perceptions.
Proper integration into the body of Christ strengthens their sense of belonging and commitment.

Understanding Discipleship

He described discipleship as a deliberate process of helping believers grow in Christ and align with godly principles rather than worldly influences. It involves:
Guiding converts until Christ is fully formed in them.
Transmitting biblical values that strengthen their faith and daily conduct.

Practical Approach to Discipleship

The cleric highlighted key methods for effective discipleship:
Fervent prayer for the spiritual stability of new believers.
Demonstrating genuine love and consistent care.
Regular follow-up visits and visible engagement.
Encouraging early infilling of the Holy Spirit.
Teaching habits that sustain spiritual growth.

Habits That Strengthen Faith

To remain grounded, believers were encouraged to cultivate:
Daily study of the Word of God
Consistent prayer and fellowship with God
Active participation in church gatherings
Bold expression of their faith
A conscious rejection of unrighteousness
Deep-rooted commitment to the house of God

A Foundation for Growth

In conclusion, Dr Chris Okafor stressed that discipleship thrives when believers are rooted in sound spiritual guidance. “When you walk with the wise, you become wise,” he said, adding that strong spiritual formation protects individuals from negative influences and preserves godly character.

The Grace Nation Global Sunday Communion Service, observed by members worldwide, featured testimonies, healing sessions, deliverance, and a special child dedication, rounding off the service on a note of faith and celebration.

 

Discipleship: “Walk with the Wise and You Will Become Wise”
— Dr Chris Okafor

By Sunday Adeyemi
[email protected]

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