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AMCON drags Demayo Holdings, directors to court for alleged N300m debt



The Asset Management Corporation of Nigeria (AMCON) has dragged Demayo Holdings Nigeria Limited before a Federal High Court in Lagos over alleged N300 million debt.

Joined as co-defendants in the suit are directors of the company identified as Moshood Ademola Omidiran, Wulayat Omidiran and Abdulmalik Omidiran.


AMCON in an Ex parte Motion marked FHC/L/AMC/22/2022 asked the court to recover the sum of N319,658,903.56 from the defendants.

“WHEREOF the claimant claims against the Defendants as follow; The sum of N319,658,903.56 (Three Hundred and Nineteen Million, Six Hundred and Fifty-Eight Thousand, Nine hundred and Three Naira, Fifty-Six Kobo.) being the outstanding indebtedness of the Defendants as At February 2, 2022,” the court documents read.

“Interest at the rate of Fifteen percent (15%) per annum on the said sum of from February 02, 2022 until judgment is delivered. Interest at the rate of ten percent (10%) per annum on the judgement sum from the date of the entry of final judgement in the suit until the said judgement is fully and finally liquidated.”



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