The Asset Management Corporation of Nigeria (AMCON) has taken over the residence and company of a chieftain of the Peoples Democratic Party (PDP), Buba Galadima, over an alleged N900 million debt.
The AMCON Head of Corporate Communications, Jude Nwauzor, disclosed this in a statement on Tuesday.
He said company, Galadima and Bedko Nigeria Limited, owe AMCON nearly N900 million which was purchased during the first phase of Eligible Bank Assets purchase from Unity Bank Plc in 2011.
Galadima has not responded reacted to this development.
Galadima was a former ally of President Muhammadu Buhari, who fell apart with the President in 2018 over what he termed irreconcilable difference.
He was the spokesperson of the PDP and its candidate in the 2019 presidential election.
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