AMCON Takes Over Delta Firm

Delta State-based company, Wokson International Limited, has joined the strings of companies in the take over dragnet of the Asset Management Corporation of Nigeria (AMCON).
Justice of the Federal High Court, Lagos Division, Justice Babs Kuewumi, granted the bank an injunction against Wokson International in both its assets in Asaba and Warri operations last Friday.
The order, therefore mandates AMCON to take over all the assets of Wokson International Limited and Promoter of the company, Chief William Oki, over N5 billion indebtedness.
The assets of the company and Oki, have already been taken over by AMCON on the order of the court through the Receiver, Robert Ohuoba who also received protective order from the court.
According to the order, “all financial institution served with the order hereby made shall comply by filing at the Registry of the Federal High Court affidavits showing cause and servicing same on the claimant’s legal practitioner and in the event that money is found in any account standing in the credit, to  transfer such sum of the nominated account of the claimant forthwith”.
The assets taken over by AMCOM include, asphalt plants, hotels and several houses, while freeing all accounts belonging to the duo in all financial institutions any where.
The Inspector General of Police and Commissioner of Police, Delta State  Command were directed by the court to assist and protect the bailiffs of the Federal High Court and the receiver, Ohuoba.
Head of Corporate Communications,  AMCON, Jude Nwauzor, confirmed the development.