Business

AMCON discredits media stories on Grant Properties Limited

Published

8 years ago

December 11, 2017

By Chioma Obinagwam

Asset Management Corporation of Nigeria (AMCON) has refuted stories published in certain on-line publication indicting the corporation of being entangled in debt issues with Grant Properties Limited.

According to a statement issued by the Head Media Relations, Jude Nwauzor, on Tuesday, it read in part:

“The attention of AMCON has been drawn to some sponsored and inaccurate stories on some online publications regarding a pending debt-related issue between one Mr. Olajide Awosedo, the Chairman of Grant Properties Limited and Asset Management Corporation of Nigeria (AMCON).”

“We also observed a purported AMCON response in some sections of the online media, which is being presented to the public as AMCON’s reaction to the falsehood,” it pointed out.

The statement further indicated that the general public should ignore such stories, since it pointed that there was no statement issued by AMCON in that regard.

“The general public is hereby informed that these stories are barefaced falsehood and the Corporation wants to put on record that it did not issue a press statement or a rejoinder in reaction to the said inaccurate stories,” it disclosed.

“Pursuant to our mandate, AMCON would not join issues with obligors on the pages of newspapers and as a law abiding recovery agency of the Federal Government of Nigeria, we are guided within the confines of the law and would continue to act accordingly. The public should please disregard this falsehood,” it indicated.