The proprietor of Aeroland businesses and properties, Otunba Segun Adewale, has denied confiscation of his properties and businesses by AMCOM.
He started this in a statement sent to our news desk.
He argued that the aeroland conglomerate has not been indebted to any financial institution in Nigeria or abroad, but there was dispute between Aeroland Travels, Skye bank and AMCoM, the matter he said is pending at the court. Read the press statement below:
We have been inundated with the news making the rounds on the alleged sealing of one of our office outlets in Lagos State. We wish to set the records straight.
Aeroland Conglomerate is a going concern and is not indebted to any financial institution both in Nigeria and abroad.
Although there was a dispute between Aeroland Travels, Skye Bank and AMCON, the said issue had been submitted for adjudication(FHC/L/CS/2093/18) before the Federal High Court Lagos in 2018 and the case is still pending before the court.
It is important to state that the issue submitted for adjudication before the court has nothing to do with the operation, the viability or otherwise of Aeroland conglomerate but a dispute as to the accessibility of the sum of N1.77 Billion belonging to Aeroland conglomerate from then Skye Bank (Polaris Bank )
On the contrary, AMCON pursuant to an Order Exparte (without an inter-party hearing) obtained before another Judge, sealed up a business outlet of one of our offices in Lagos but immediately our lawyers called the attention of AMCON to the infraction, the said OFFICE HAS BEEN UNSEALED.
It is equally important to state that the 14-day max order, issued to call my attention to the vexed issue, was however resolved between my lawyers and AMCON before the expiration of the date.
As law-abiding citizens, our operations are within the confinement of the law and we will continue to cooperate with every relevant government authority to avoid an unnecessary impasse.
We have made this press statement to set the records straight and to clear the air against the negativity created by the sensationalism of the matter in the media.
It is unfortunate to note that the well-orchestrated and heavily financed media persecution of my reputation and business, sponsored by some unscrupulous politicians, found spaces in some media outlets that contradict their ethical conduct and professionalism by hearing just one side of a story.
Otunba Segun Adewale