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King Sunny Ade’s wife, Risikat Adeniyi in legal battle with AMCON over unpaid debt

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Risikat Adeniyi Adegeye, the wife of Fuji music legend King Sunny Ade is currently embroiled in a legal battle over a N45.4 million debt, being the alleged outstanding amount due on a loan facility advanced to her by Sterling Bank in 2008.

 Via : lindaikeji’sblog

According to a report by TheLagosTimes, she is in court to contest an order granted the Asset Management Company of Nigeria (AMCON) to take temporary possession of the property which was used as collateral to secure the loan. Through her lawyers she is claiming that the ex parte application filed by AMCON and the subsequent court judgement were obtained without recourse to due process.

According to the court papers, she had sometime in 2008 secured a loan facility of N23 million from Sterling Bank which she augmented with her own funds to purchase a property valued at N33 million. The property located at Plot A2, House 3, Adonai Tekts Estate, Central Business District, Alausa Ikeja was duly bought and also served as guarantee for the loan.

In a sworn affidavit presented to the court by George Fola Adeniyi, one of Madam Risikat’s children, she averred that she had been dutifully servicing the loan since inception and had even asked her bank manager to furnish her with her loan statement of account to enable her ascertain and liquidate the balance of her loan repayment.

The plaintiff claimed that the bank never provided her with the statement, instead unilaterally passing off her debt to AMCON in 2011. She also claimed that AMCON has since then been imposing unilateral and extortionate interest on the loan balance without carrying her along.   Moreover, she contended, she was not served notice when the organization filed an exparte application to take over the mortgaged property.

She therefore prayed the honourable court to set aside the February 22nd 2018 ruling which granted temporary possession of the house in contention.

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Breaking News:Yoruba Freedom Fighter, Sunday Igboho Arrested in Cotonou

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Yoruba freedom fighter, Sunday Adeyemo, popularly known as Sunday Igboho, has been arrested in Cotonou, Benin Republic by security operatives in the West African country.

Igboho was arrested Monday night after fleeing Nigeria to evade arrest by Nigeria’s secret police.

A source privy to his departure from Nigeria said he had perfected plans to secretly escape from Nigeria through Cotonou and was heading to Germany.

He was, however, nabbed by security operatives in the neighboring country.

Speaking with SaharaReporters, a source privy to the incident, said, “Sunday Igboho has been arrested in Cotonou. He was arrested about an hour ago.

“He was supposed to travel to Germany through Cotonou this night. He wanted to leave Africa through Cotonou. He was arrested by security operatives in Cotonou.

“They are planning to bring him back to Nigeria.”

Recall that the Department of State Services had declared Igboho wanted after its operatives carried out a bloody midnight raid on his residence in the Soka area of Ibadan, Oyo State.

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Popular Nigerian Singer, Sound Sultan dies at 44

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Singer, Olanrewaju Fasasi aka Sound Sultan, has died. A statement released by his family says he died on July 11 after a long battle with throat cancer.

The singer is survived by his wife and three children.

 

The statement reads;

“It is with a heavy heart that we announce the passing of Multi-talented veteran singer, rapper, songwriter, Onlanrewaju Fasasi a.k.a Sound Sultan.

Too sad! Singer, Sound Sultan, dies at 44

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#EndSARS: Court strikes out suit against Sam Adeyemi, Davido, Falz, BurnaBoy, Aisha Yesufu and others

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Justice Bello Jawu of a High Court sitting in Abuja has struck out a suit filed by one Kenechukwu Okeke, a human rights activist, against Davido, Aisha Yesufu, Pastor Sam Adeyemi, and 47 other celebrities and activists over their activities during the October 2020 #EndSARS protests.

The judge in a ruling delivered on Friday, July 2, also restrained the Nigeria Police Force and Okeke from taking any steps to prosecute the individuals for their role played during the #EndSARS protest.

Okeke had in November 2020 filed criminal proceedings before a magistrate court in Abuja against the 50 persons over claims they promoted the October 2020 #EndSARS protests.

In the suit, he alleged that the defendants acted in a manner “with intent to assist in the promotion of an unlawful assembly under the guise or composition of #EndSARS

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