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Galadima Reacts As AMCON Takes Over His Abuja Residence, Company
The Asset Management Corporation of Nigeria (AMCON) on Tuesday took over the business premises and assets of Bedko Nigeria Limited belonging to Buba Galadima, a strong critic of President Muhammadu Buhari.
Mr Galadima, a former political ally of the president, has for years been one of the most vociferous critics of the administration.
A one-time Director-General of the Nigeria Maritime Agency (NMA) (1996 – 1998), Mr Galadima was appointed the National Secretary of the Congress for Progressive Change (CPC) formed in the run-up to the 2011 national elections.
He was one of the nine signatories that signed the merger agreement between some political parties that came together to form the ruling All Progressive Congress (APC), which President Buhari used as a platform for his election in 2015.
The political parties in the merger deal were the All Progressives Grand Alliance (APGA); Congress for Progressive Change (CPC); All Nigeria Peoples Party (ANPP) and Action Congress of Nigeria (ACN).
However, since the president’s election, his relationship with Mr Galadima appeared to have gone sour, with the latter emerging as the leading opposition voice against the administration’s policies and programmes.
On Tuesday, AMCON in a statement in Abuja said the Federal High Court in Abuja issued an order for it to take over Mr Gladima’s properties, including his private residence and company, over alleged N900 million indebtedness.
The order followed a ruling in suit No. FHC/ABJ/CS/1136/2019 against Bedko Nigeria Limited and Mr Galadima, AMCON said.
The spokesperson of AMCON, Jude Nwauzor, said the loan was sourced from Unity Bank Plc in 2011 during the first phase of Eligible Bank Assets acquisition.
“Since then, AMCON has offered the obligor a good measure of olive branches and explored all avenues to resolve the matter amicably. But the obligor, and his company, Bedko Nigeria Limited, have remained recalcitrant and unwilling to repay the huge debt to the Corporation,” Mr Nwauzor said.
AMCON listed the properties to include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory (FCT), Abuja and House No. 4, Bangui Street, Wuse 2 also in the high-brow area of Abuja.
AMCON said the enforcement of the order on the properties of Bedko Nigeria Limited and Mr Galadima is one of the many it would be undertaking this year since receiving additional powers from the president late last year.
An Inter-agency Committee on the recovery of AMCON debts was constituted by the President Buhari last year following the signing into law of the 2019 Amended AMCON Act.
The amendment gave AMCON additional powers to go after all obligors of the corporation no matter how highly placed in society.
Mr Nwauzor said AMCON would take all necessary actions, including asset take-over, liquidation, winding-up and garnishee proceedings against Bedko Nigeria Limited and its directors in line with the court judgment and relevant sections of the AMCON Act as amended.
Meanwhile, Mr Galadima has denied knowledge of the allegations of indebtedness against him and his company.
Meanwhile, Mr Galadima has said he and his company are not indebted to AMCON.
“I went to a bank in 2003 to sign for a loan. A letter of credit was opened for me to import fertilizer at that time. But the goods never came. The head office of the bank in America refused to honour the invitation because the Bank in question was under investigation by the FBI (Federal Bureau of Intelligence). I didn’t take one kobo from them. They didn’t even credit my own account,” he said.
Mr Galadima said the collateral was agreed to take effect two or three years after importation of the fertilizer began.
However, he said when AMCON took him to a high court over the money, he protested that he was not satisfied with the judgment and appealed.
He said he won the appeal and the court freed him.
“All this is an attempt to disgrace and break me down. But I am unbreakable and they can never silence me,” Mr Galadima said, blaming his travails to his political opponents.
“This is injustice and attempt to humiliate me. But, God will not let them. They sacked me and over 50 people that sleep in this apartment. We don’t know where to go. We will remain on the streets. We will remain on the streets until God provides another place for us.
“They will surely pay for disgracing and humiliating me publicly. I am going back to court,” Mr Galadima said.
Premium Times
The National Working Committee of the Peoples Democratic Party (NWC) has suspended the National Legal Adviser, Kamaldeen Ajibade; National Secretary, Samuel Anyanwu; Deputy Legal Adviser, Okechukwu Osuoha; and National Organizing Secretary, Umaru Bature for one month.
The suspension comes on the heels of the judgement of the Federal High Court On Friday, which stopped the party’s planned national convention.
The National Publicity Secretary of the party, Debo Ologunagba, told journalists in Abuja on Saturday, that the decision followed an emergency meeting of the national working committee, which was held in Abuja.
President Donald Trump of the United States on Friday designated Nigeria as a Country of Particular Concern (CPC), in response to allegations of widespread persecution and genocide against Christians.
Writing on his Truth Social account, Trump stated that Christianity faces a serious threat in Nigeria.
The US leader also added Nigeria to a State Department watch list.
“Christianity is facing an existential threat in Nigeria. Thousands of Christians are being killed. Radical Islamists are responsible for this mass slaughter,” Trump wrote.
According to the US president, he was placing Nigeria, Africa’s top oil producer and most populous nation, on a “Countries of Particular Concern” list of nations the US deems to have engaged in religious freedom violations.
According to the State Department’s website, the list includes China, Myanmar, North Korea, Russia, and Pakistan, among others.
Trump said he had asked US Representatives Riley Moore and Tom Cole, as well as the House of Representatives Appropriations Committee, to look into the matter and report back to him.
A Federal High Court in Abuja has removed Hon. Abubakar Gummi from the House of Representatives after he left the Peoples Democratic Party for the All Progressives Congress.
The lawmaker represented the Gummi/Bukkuyum Federal Constituency in Zamfara State.
Justice Obiora Egwuatu delivered the ruling, holding that Gummi’s defection breached the Constitution.
The court said the seat does not belong to any politician but to the political party that sponsored the election.
According to the judgment, the Speaker of the House of Representatives, Tajudeen Abbas, is barred from recognising Gummi “as a member representing Gummi/Bukkuyum Federal Constituency.”
The judge also instructed the Independent National Electoral Commission to “conduct a fresh election” for the vacant seat within 30 days.
The case was instituted by the PDP and its Zamfara chairman, who insisted that Gummi’s move to the APC had no legal justification. They argued that there was no division in the PDP to support his defection, as required by Section 68(1)(g) of the Constitution.
Gummi, through his counsel, claimed he left the PDP due to internal crises which he said made it “impossible” to serve his constituents effectively. The judge, however, dismissed his arguments and granted all the reliefs requested by the plaintiffs.
Justice Egwuatu, in a firm comment, warned politicians against what he described as reckless party hopping.
“Political prostitution must not be rewarded,” he declared, adding that lawmakers must not transfer votes won on one party’s platform to another party.
The court also ordered Gummi to refund all salaries and allowances received from October 30, 2024, until the date of judgment. He is also barred from earning any further benefits as a member of the House.
Additionally, the judge imposed a N500,000 cost against the defendants in favour of the PDP.
