Connect with us


Ecobank aided AMCON to steal my N5b worth Hotel, Suru Group boss laments



Chairman of Suru Group traces the origin of his problem with AMCON to when Ecobank without notice, sold their performing loan to AMCON.

A leading real estate developer in Lagos State and Chairman, Suru Group of Companies, Edward Akinlade, has sent a Save our Soul (So) call to the Federal and Lagos State governments to intervene in a dispute between his company and the Asset Management Company of Nigeria, AMCON.

The duo has for several years locked horns over ownership of Best Western Hotel, located on Allen Avenue, Ikeja, Lagos.

Addressing a press conference in Lagos, Akinlade accused AMCON of impunity and for distorting the structure of the hotel, which it forcefully seized and still in its possession, against the law.


Akinlade traced the protracted crisis to 2010 when his company was banking with Ecobank.

He said: “Our N13 billion fund was canceled after we had drawn N10 billion. About this time, we had already bought our properties in GRA, Opebi and Best Western Hotel.

“We were servicing our loan until our performing loan was sold to AMCON. AMCON was not supposed to buy servicing loans.

“So, we sued Ecobank for selling our loan, and this case is still at the Federal High Court

“AMCON counterclaimed our case and said we had owed N26 million. It was later discovered that Ecobank had sold our loan to AMCON for N8.3 billion without notifying us.


“We want it to be on record that we have never taken AMCON to court. This is because we believe we have no business with AMCON but the bank which sold our active loan to the agency.

ALSO READ  Gistlover confirms impersonator arrested after Apostle Suleman allegedly paid N10M

“As we speak, all the cases we had and won, were filed by AMCON and the three different suits were all won by Suru Group.”

According to the businessman: “We are particularly dissatisfied with the blatant disregard for the rule of law being displayed by a highly revered agency, such as AMCON, and Ahmed Kuru being a mechanism in the temple of justice that ought to respect and uphold the tenets of law rather than disrespect the court.”

He said Suru Group had won all the cases instituted against it by AMCON, which has also appealed its losses at the Court of Appeal to the Supreme Court but wondered why it is in a hurry and not waiting for the apex court to rule on the matter it brought before it.

“While the case is at the Supreme Court, you can see what they are doing; illegality upon illegality. They cannot sell the property; they cannot renovate it because it is against the law.”


Akinlade, who is not averse to amicable resolution of the matter, lamented that apart from flouting court rulings, the government agency has also ignored interventions, even by the Attorney general of the country and the House of Representatives and gone ahead to reconstruct the hotel edifice.

“In the last one year, the Attorney General was involved, Public Hearing of the House of Representatives has been involved, AMCON ignored all of them. They didn’t come. And when a resolution was reached through the Attorney General’s Office, AMCON said no,” the Suru Group boss said.

ALSO READ  Equity market dips by N46bn

“This hotel is supposed to be sealed. No work is expected to be taking place there but AMCON is in its possession. So, I came here to state our position. Our position is very clear. AMCON said we owed them money and we claimed we didn’t owe them anything.

“They sued us in the Federal High Court before Justice Hassan. We won the case. They appealed to the court of appeal; we also won at the appeal court. They have further appealed at the Supreme Court. The case is coming up in September.

“No work is expected to be taking place there. But AMCON seems to have demolished a substantial part of the hotel, the windows, the floors, and everything. Also, the Lagos State said the building is in danger of falling.”


Akinlade accused AMCON of killing businesses and impoverishing the people.

“They have distorted the hotel; a hotel that was worth over N6 billion. What this hotel is worth now is about N500 million. So, you can see how AMCON kills businesses. Over 500 people were working in this hotel up till December 2017 when AMCON invaded it with guns without a court order.

Akinlade stated that he is confused as regards what is ongoing in his hotel and pleaded with both the Federal and Lagos State governments to intervene in the matter and lamented how AMCON has proved to be above the law and continued to act with impunity.

“Are they the ones working at the hotel? The question now is who owns the hotel? Have they sold the hotel? Who is working there? For what purpose? If we have gotten the Court of Appeal’s ruling in our favour, why are they here? AMCON needs to provide answers to all these.

ALSO READ  Police rescue 14 Abuja-bound passengers abducted in Kogi

“I am appealing again to the Attorney General of Nigeria, I am appealing to President Muhammadu Buhari to call Ahmed Kuru to order because if this hotel falls and people die, I would not be held responsible.”



Inspector sentenced to death for killing phone dealer



The Delta State High Court sitting at Asaba on Tuesday sentenced Inspector Ubi Ebri of the Nigeria Police Force to death on a murder charge.

The court presided over by Justice C. D. Diai convicted and sentenced the Inspector to death for killing a phone dealer, Mr Onyeka Ibeh, in Asaba.


Also read: Delta police arrest inspector for shooting boy during stop and search



Ibeh, a popular phone dealer in Asaba, along with his wife was driving from Ugbolu to Asaba on April 5, 2023, when they were flagged down by the police team for a search.

The deceased was said to have stopped but after waiting for a while to be searched, and they were not being attended to, decided to move away

Infuriated by the action of the deceased, the police inspector immediately opened fire into the vehicle and the bullet hit the late Ibeh on the head and he died on the spot.

The wife of the deceased who sat in the front seat was unhurt.

The killing of the phone dealer led to protests by youths along the streets of Asaba and to police headquarters to demand justice.


However, the prosecution, led by a director in the Ministry of Justice, Mr E.H. Edema, accused the policeman of killing Ibeh.

Edema alleged that the defendant was part of a police patrol team that mounted a stop and search exercise on April 5, 2023, along the Ugbolu Asaba Road in the state capital.

ALSO READ  African Development Bank's Board of Directors Approves the Institution's Borrowing Program for 2022

Edema who told Journalists after the judgement said, “Today’s judgement is a landmark judgement because justice has been served in this case to the deceased and society at large.”

Also, the elder brother of the deceased, Mr Ifeanyi Ibeh, who witnessed the judgement, also commended the court for delivering justice to his family.

Continue Reading


Terrorists kidnap travellers along Maiduguri-Kano Highway



Suspected Boko Haram terrorists have abducted scores of travellers along the Maiduguri-Kano highway.

According to Theheute, the insurgents abducted the passengers on Monday evening between Garin Kuturu and Mannanari village near Auno along the Damaturu highway.


Also read : Terrorists attack Yobe military base, kill soldier



It was learnt that the insurgents reportedly blocked the highway before forcefully abducting some passengers, while other commuters had to return to Benishek and Auno, respectively.

“There was an incident between Mannanari and Garin Kuturu where some Boko Haram fighters came out to block the upcoming vehicles and some passengers were abducted.

“We are not sure of the number as we speak but certainly there was an abduction on Monday evening,” the source told the newspaper.

Residents also narrated that commercial drivers took refuge in their community during the attack by bandits between Garin Kuturu and Mannanari villages.

“They came out with three wheelbarrows and I believe they were looking for foodstuff. We don’t know how many people were abducted but some commercial drivers came back and later returned to Maiduguri before reinforcement of military arrived.”


Also speaking, a passenger, who craved anonymity, said he and others were stranded along the highway for hours.

He said: “We were heading for Kano from Maiduguri when the driver got hinted about the attack and took a detour

“We have been waiting for the military to clear the road but we don’t know when. We are stranded here.”

ALSO READ  School attacks: Amotekun heightens security in Osun boundary communities
Continue Reading


2,545 security personnel killed in four years, says group



2,545 security personnel killed in four years, says group

The Advocacy Centre for Development has lamented the killing of 2,545 security officers, and 17,886 civilians and the abduction of 15,597 persons from 2019 to 2023.

Disclosing this on Friday in Gombe State at the end of a one-day roundtable engagement with stakeholders on National Day of Mourning, the Convener and Team Lead, Ibrahim Yusuf, blamed the political class for the wanton killings.

Also read : Over 87 FCT residents killed, 176 kidnapped under Tinubu – Investigation


This year marks the 7th National Day of Mourning, as declared by the Joint Nigeria Crisis Action Committee on May 28, 2018.


The day was called to denounce the level of impunity and frequency of violent killings in the country.

A statement in 2018 by Chidi Odinkalu, Yemi Adamolekun, Abiodun Baiyewu, Ier Jonathan-Ichaver and Auwal Musa (Rafsanjani) on behalf of the Co-Ordinating Committee of JN-CAC said the day of national mourning would witness a set of activities for remembrance, solidarity and awakening to the challenges confronting the nation.

Speaking on the seventh edition in Gombe, Yusuf decried the reckless use of the military in civil matters, calling for an end to killings and abductions in the country.

Yusuf said, “The killing of 2,545 security officers and 17, 886 civilians as well as abduction of 15,597 persons from 2019 to 2023 across the country were the clear absence of political will.”

While lamenting the surge in atrocities against women, children, Persons with Disabilities, students, teachers and the most vulnerable, schools and institutions of learning, he regretted that the government appeared unwilling to take urgent action to protect the demographics.

ALSO READ  Nigerian Banks And Their Customer Care Numbers

“The armed forces are deployed in all 36 states of Nigeria on internal security operations, thereby retrenching the constitutional role of the Nigeria Police Force. This is a constitutional anomaly. The rise in fatalities from military operations shows that the military is over-stretched. This cannot continue.

“Here in Gombe State, we have issues of farmer/herder clashes in some communities of the state during the rainy season and we are calling on the state government and the security agencies and the traditional institutions to do the needful, without fear or favour, by putting an end to the issues of unrest in the state,” he said.

He lauded as timely, the establishment of the Ministry of Internal Security and Home Affairs and and the inauguration of Operation Hattara and Gombe Security Traffic and Environmental Corps by the Gombe State Governor, Inuwa Yahaya.

“As Nigerians bleed, we have come together on this seventh National Day of Mourning to ask the people in authority to take urgent steps in preventing the menace,” he said.

The group, in a 10-point communique signed by Saidu Malala, chairman; Abubakar Jibrin, member; and Garba Ubale, member; asked communities to participate in providing useful, timely and accurate information to security operatives.


It called for the reactivation of the roles of traditional institutions in society and, the reintroduction of educational marshals in schools to guard against drug abuse, youth restiveness and other social vices.

It added, “Religious leaders should at all times preach the gospel of peace, tolerance and mutual understanding in their places of worship.

ALSO READ  Police Detains Cop For Killing Delta Businessman

“Operators of social media handles and platforms should refrain from posting unverified information that may trigger friction between communities.

“Conventional media have been described as key players in sensitising the public on the importance of peaceful coexistence.

“Proactive measures to be taken by both security operatives and citizens in bringing lasting peace in the country.


“The roundtable also emphasised peaceful coexistence among communities, irrespective of the diverse ethnic, cultural, political and religious settings in the country.”

Continue Reading


Copyright © 2022 TheHeute.