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

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5 years ago

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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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Sahara weekly online is published by First Sahara weekly international. contact [email protected]

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2027 PRESIDENTIAL POLL: Nwosu, Akobundu, Ihedioha, Nwajiuba, Ikeobasi- Political Juggernauts Who Will Lead ADC To Landslide Victory In The South East 

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21 seconds ago

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May 23, 2026

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2027 PRESIDENTIAL POLL: Nwosu, Akobundu, Ihedioha, Nwajiuba, Ikeobasi- Political Juggernauts Who Will Lead ADC To Landslide Victory In The South East 

 

Barely eight months to the all-important Nigerian presidential election billed for Saturday, January 16, 2027, below are the who is who in the South East, the political heavyweights and juggernauts who will lead the main opposition African Democratic Congress (ADC), to a landslide victory across the five South East States of Abia, Anambra, Ebonyi, Enugu, and Imo States.

 

1. Chief Ralph Nwosu: He is the founding National Chairman of the main opposition ADC. Nwosu beat Mr. Peter Obi during the 2002 guber primaries of the All Progressives Grand Alliance (APGA), but was asked to step down for Obi, by the revered leader of the Igbo nation, Chief Chukwuemeka Odumegwu Ojukwu.

 

2. Senator Augustine Akobundu: He is Senator representing Abia Central Senatorial District in the Nigerian Senate, since 2023. He has just won the ADC primary ticket ahead of the 2027 Senatorial election billed for January 16, 2027.

 

3. H.E. Rt. Hon. Emeka Ihedioha: He was the former Deputy Speaker of the House of Representatives (2011-2015), and former Governor of Imo State (2019-2020). Ihedioha was illegitimately ousted from office by the Supreme Court led by CJN Kudirat Motonmori Olatokunbo Kekere-Ekun. The Supreme Court illegally smuggled APC candidate Hope Uzodimma who came a distant 4th to become Governor through the backdoor.

 

4. Chief Emeka Nwajiuba: He was the former Minister of State for Education (2019-2022). He contested the APC Presidential primaries in 2022. Nwajiuba speaks Hausa fluently and is very close to the Buhari/Katsina Northern political bloc.

 

5. Chief Ikeobasi Mokelu: He was the Minister of Information under the administration of General Sanni Abacha. He is a political juggernaut who is very close to Kashim Imam, Zango Daura, and even His Excellency Atiku Abubakar.

 

Among other eminent political juggernauts and heavyweights, the abovementioned are the men of timber and caliber who will lead the ADC charge across the South East Geo-Political Zone, going into the 2027 Presidential election.

 

Our team of eminent young political scientists and investigative journalists have done our backgrounders on these men, and can state unequivocally and emphatically that they got the verified capacity to lead the ADC to a landslide victory across the five South East States, next year.

 

It’s against this backdrop that we the leaders and members of Afa Igbo Efuna Worldwide call on His Excellency Atiku Abubakar- @atiku, and the Senator David Mark-led @ADCNig leadership to without any iota of doubt shop for a Vice Presidential candidate, among these qualified Igbo leaders from the South East Geo-Political Zone, on or before June 31, 2026.

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Ahead of 2027: BSA Diaspora Vanguard Backs Sarafadeen Alli for Oyo State Governor

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12 hours ago

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May 22, 2026

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Ahead of 2027: BSA Diaspora Vanguard Backs Sarafadeen Alli for Oyo State Governor

 

Support for APC chieftain Barrister Sarafadeen Alli’s 2027 governorship ambition is growing both at home and abroad, with the BSA Diaspora Vanguard in North America throwing its weight behind him.

 

The group, led by Chief Dr. Olayinka Afolabi, Chief Coordinator of the BSA Diaspora Vanguard North America Chapter, said it is committed to mobilizing resources and awareness to ensure Alli emerges as Oyo State’s next governor.

 

“Barrister Sarafadeen Alli is tested, trusted, and understands what the people of Oyo State need,” Chief Afolabi said. “We in the BSA Diaspora Vanguard North America are determined to complement his efforts by enlightening Oyo indigenes in the diaspora and rallying support to bring this vision to reality.”

 

The group added that it would intensify outreach across North America to inform the Oyo community about Alli’s track record and plans for the state.

 

Ahead of 2027: BSA Diaspora Vanguard Backs Sarafadeen Alli for Oyo State Governor

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Banwo Law Offers Lifeline as New USCIS Policy Threatens Immigrants With Re-Entry Bans

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17 hours ago

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May 22, 2026

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Banwo Law Offers Lifeline as New USCIS Policy Threatens Immigrants With Re-Entry Bans

Banwo Law Offers Lifeline as New USCIS Policy Threatens Immigrants With Re-Entry Bans

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‎A major immigration policy shift being considered by the United States Citizenship and Immigration Services (USCIS) could place thousands of immigrants at risk of severe re-entry penalties, according to renowned immigration attorney Ope Banwo, whose law firm, Banwo Law, says it is already helping affected individuals navigate the evolving situation.
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‎Speaking in an exclusive interview with The Octopus News, Banwo warned that the policy memo issued by USCIS on May 22 could dramatically alter the pathway many immigrants currently use to obtain permanent residency in the United States.
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‎According to him, USCIS is signaling that Adjustment of Status inside the United States may no longer be treated as the standard route to obtaining a Green Card, but rather as an “extraordinary” form of relief.
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‎If fully implemented, the policy could require many immigrants to complete their Green Card processing through U.S. embassies and consulates abroad instead of remaining in America during the process.
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‎Banwo explained that the potential policy change could affect a broad category of immigrants, including H1B workers, F1 students, B1/B2 visitors, exchange visitors, temporary workers, and even some immigrants currently maintaining lawful status in the United States.
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‎“For decades, Adjustment of Status has protected many immigrants from dangerous immigration consequences tied to leaving the United States,” Banwo stated.
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‎“The danger now is that some immigrants could unknowingly trigger automatic three-year or ten-year re-entry bans the moment they depart America for overseas visa processing.”
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‎He noted that many immigrants are unaware that prolonged unlawful presence in the United States can activate severe immigration penalties once they leave the country, even if their departure is tied to official immigration processing.
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‎According to Banwo, marriage-based Green Card applicants, employment-based immigrants, visa overstays, and temporary workers transitioning to permanent residency may all face significant legal complications under the proposed policy direction.
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‎However, Banwo urged immigrants not to panic, stressing that proper legal guidance and strategic planning remain critical.
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‎He warned immigrants against relying on unverified social media information or “TikTok lawyers” when making life-changing immigration decisions.
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‎Banwo disclosed that Banwo Law, accessible through SpeakWithOpe.com https://speakwithope.com, is already providing consultations to immigrants across the United States by reviewing immigration histories, assessing waiver eligibility, and developing legal strategies tailored to individual cases.
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‎The experienced immigration law firm is also helping clients understand whether they may still qualify for Adjustment of Status inside the United States or whether alternative legal pathways may be available.
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‎Banwo stressed that immigrants should seek experienced legal counsel before traveling outside the United States or taking any immigration steps that could jeopardise their ability to return or secure lawful permanent residency.
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‎“Immigration law is changing rapidly,” he said. “This is not the time for guesswork. People need experienced legal guidance now more than ever.”
‎Banwo Law Offers Lifeline as New USCIS Policy Threatens Immigrants With Re-Entry Bans

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