Alleged N924.7m Debt: Super Eagles Legend Kanu Nwankwo, Hotel Fined By Lagos Court

• Kanu Nwankwo and his hotel, Hardley Apartment, have been fined N30,000 by the Federal High Court in Lagos
• This is due to the Super Eagles legend and his hotel stalling proceedings of a debt recovery suit brought against them by AMCON
• Kanu and Hardley Apartment have been told to pay the fine before the case resumes for a hearing on January 20, 2022

Super Eagles legend Kanu Nwankwo and his hotel, Hardley Apartment, have been fined the sum of N30,000 by the Federal High Court in Lagos.

Justice Chukwujekwu Aneke ordered Kanu and his hotel, Hardley Apartment, to pay the sum on Friday, November 12.

According to a Vanguard and Daily Post report, Kanu and his hotel were fined for stalling the scheduled hearing of a debt recovery suit brought against them by the Asset Management Corporation of Nigeria (AMCON).

At the hearing T. A Idelegbagbon, lawyer representing Kanu and Hardley Apartment told the court that she is withdrawing all motions earlier filed in response to the suit in 2017.

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But AMCON’s lawyer, Jayes Ujah, swiftly objected to the request and further sought the imposition of a fine on the respondents for filing frivolous motions.

After listening to the submissions of both parties, Justice Chukwujekwu Aneke conceded to the respondents’ request for withdrawal of the motions and slammed a fine of N30,000 on them for stalling further hearing in the matter.

Justice Aneke said that Kanu and Hardley Apartment should pay the money before the case resumes for a hearing on January 20, 2022.

Recall that AMCON had dragged Kanu, his hotel, and its directors, Ayoola Gam-Ikon before the court over an alleged debt of N924.7 million.

In an affidavit in support of the suit deposed to by a Credit Officer, Victor Igabor, AMCON said between May 2008 and January 2011, the bank offered Kanu's hotel Hardley Apartments a loan of N520,457,000.

AMCON claims that Kanu's hotel indebtedness as of October 15, 2021, was said to be N924,788,754.56, representing principal and interest.

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Kanu Nwankwo and Wife Amara Storm Emirates Stadium to Watch Arsenal Beat Watford

Earlier, Legit.ng reported Kanu Nwankwo that has reacted to the Gunner’s 1-0 win over Watford in a Premier League game over the weekend.

Arsenal moved up to 5th in the Premier League table after their win against Watford, thanks to a second-half strike from Emile Smith Rowe.

Following the club’s resurgence, Kanu who played 119 league matches and scored 30 goals for the club between 1999 and 2004 celebrated the win over the Hornets.

Taking to his Instagram handle, Kanu who was at the Emirates Stadium with his wife wrote:

"KAN U believe it? 3 points in the bag. Common Arsenal. Congratulations."

Kanu rates Osimhen's chances of winning CAF best player

Meanwhile, Legit.ng also reported that Nwankwo Kanu has named Super Eagles and Napoli striker Victor Osimhen as the Nigerian player who has the chance to win the best African footballer of the year award.

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But the former Arsenal striker stressed that Victor Osimhen would have to continue with his impressive performances for Napoli this season to stand a chance of winning the crown.

So far this season, Victor Osimhen has been incredible for Napoli in all competitions as he continues to get the goals for the Italian giants.

Interestingly, Kanu Nwankwo was the last Nigerian player to be named African best when he won the award in 1999 following his superb performances.

Kanu Nwankwo also stated clearly that Victor Osimhen is the best African striker at the moment on the continent and in Europe.