ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home National

AMCON issues takeover notice of Onitsha Electronics Market

15th December 2020
in National
0
AMCON issues takeover notice of Onitsha Electronics Market
0
SHARES
1.1k
VIEWS
Share on FacebookShare on Twitter

Aloysius Attah, Onitsha

The Asset Management Company of Nigeria (AMCON) has declared its intention to sell the popular Onitsha Electronics Market (Electromart) to a private investor in order to recover an unserviceable bank loan of N300,000,000 obtained by some past executives of the market while constructing the market.

The Onitsha Electromart, located opposite Premier Breweries along the Onitsha-Asaba expressway, before Bridgehead, has been embroiled in several cases of leadership crisis and accountability among both serving executives and past leaders.

Are you a Man 40 yrs and above? Do not miss the Vital Information, it goes off in 2 days! CLICH HERE to READ .

Recently, some Trustees of the market which included Chuks Onyeizugbe, Charles Okoye, Obinna Igwemadu, Fredrick Okafor, Asaa Ikechukwu, Emeka Okafor and Lucky Mobi, who are all stall owners in the market, accused the incumbent president of the market, Izuchukwu Okoye of outright refusal to render any account to the association since assumption of office. But Okoye denied their allegations when contacted.

100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. >>>Click Here for Details<<< .

They also raised the alarm that Electronics Market is in danger of being sold off by ‘AMCON’ because some characters used the market to take a loan from a bank to the tune of three hundred million naira (N300,000,000) without resort to traders who own market stalls.

In a letter from AMCON obtained by Daily Sun addressed to the Managing Director, Silverline Industries Limited, Abuja, signed by the AMCON Head Receivership Enforcement, Okoronkwo Onwukwe and the Group Head, Enforcement, Joshua Ikioda while responding to a request for authority to act as a mandate from the sale of Electronics Market, Industrial Layout, Anambra State, confirmed that AMCON was willing to sell the Electronics Market provided that the offer is within its reserve price.

Breaking!!! Earn up to N2 - N3 million monthly GUARANTEED (all paid in US Dollars). No training or refereal required. Do business with top USA companies like Amazon, Tesla, Facebook, IBM, Netflix, Zoom, etc. Learn more .

Palpable tension has enveloped the market following the latest development even as the Trustee have implored Governor Willie Obiano to intervene and save the situation by setting up a quiet investigation into the goings-on in the market and save the traders the trauma of losing their shops.

Tags: AMCONGovernor Willie Obianoonitsha electromartonitsha electronics market
David

David

Sun News Online team

Related Posts

Governor Mohammed visits troubled Katanga community, calls for peace between Muslims and Christians
National

Governor Mohammed visits troubled Katanga community, calls for peace between Muslims and Christians

22nd May 2022
Nationwide rally for Yahaya Bello, a sign he is indispensable- Fanwo
National

Nationwide rally for Yahaya Bello, a sign he is indispensable- Fanwo

22nd May 2022
Road to 2023: Fayemi meets Plateau delegates, promises national cohesion
Elections

Road to 2023: Fayemi meets Plateau delegates, promises national cohesion

22nd May 2022
Next Post
Nda-Isaiah succeeded where many failed - NCPF

Nda-Isaiah succeeded where many failed - NCPF

Minister task staff on public service rules

Minister tasks staff on public service rules

Group unveils Bantu blockchain

Group unveils Bantu blockchain

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Highlights

Road to 2023: Ex-INEC REC Nentawe Yilwatda is a bonafide APC member – Bature, Plateau APC chairman

Road to 2023: Fayemi meets Plateau delegates, promises national cohesion

Sanwo-Olu tasks retired military officers on insecurity across Nigeria

Ebonyi 2023: 27 aspirants threaten to sue APC over disqualification

Board promotes 226 top management Immigration, Civil Defence, Correctional, Fire Service officers

(UPDATED) Four killed in Lagos collapsed building

Trending

Governor Mohammed visits troubled Katanga community, calls for peace between Muslims and Christians
National

Governor Mohammed visits troubled Katanga community, calls for peace between Muslims and Christians

22nd May 2022
0

From Paul Orude, Bauchi Governor Bala Mohammed of Bauchi State, on Saturday, visited Katanga, Warji Local Government...

Nationwide rally for Yahaya Bello, a sign he is indispensable- Fanwo

Nationwide rally for Yahaya Bello, a sign he is indispensable- Fanwo

22nd May 2022
Ekiti: Pro-Oni group accuses Fayemi of illegal recruitment of workers

Ekiti: Pro-Oni group accuses Fayemi of illegal recruitment of workers

22nd May 2022
Road to 2023: Ex-INEC REC Nentawe Yilwatda is a bonafide APC member - Bature, Plateau APC chairman

Road to 2023: Ex-INEC REC Nentawe Yilwatda is a bonafide APC member – Bature, Plateau APC chairman

22nd May 2022
Road to 2023: Fayemi meets Plateau delegates, promises national cohesion

Road to 2023: Fayemi meets Plateau delegates, promises national cohesion

22nd May 2022

Follow us on social media:

Latest News

  • Governor Mohammed visits troubled Katanga community, calls for peace between Muslims and Christians
  • Nationwide rally for Yahaya Bello, a sign he is indispensable- Fanwo
  • Ekiti: Pro-Oni group accuses Fayemi of illegal recruitment of workers
  • Road to 2023: Ex-INEC REC Nentawe Yilwatda is a bonafide APC member – Bature, Plateau APC chairman
  • Road to 2023: Fayemi meets Plateau delegates, promises national cohesion
  • Sanwo-Olu tasks retired military officers on insecurity across Nigeria
  • Ebonyi 2023: 27 aspirants threaten to sue APC over disqualification
  • Board promotes 226 top management Immigration, Civil Defence, Correctional, Fire Service officers
  • (UPDATED) Four killed in Lagos collapsed building
  • Road to 2023: Yahaya Washiri wins NNPP primaries for Chikun/Kajuru federal constituency
  • Road to 2023: Lawan fortifies campaign, consults Jigawa delegates, pledges educational reforms
  • Why Nigerians find it difficult to secure passports – Acting CGI
  • Police kill ten suspected armed robbers in Delta
  • Soludo places N10 million bounty on killers of Anambra lawmaker
  • Gunmen kill abducted Anambra House of Assembly member
  • 2023 presidency: How APC, PDP candidates may emerge
  • 2023: Ex-APC, PDP stalwarts see alternative in NNPP
  • Pornography: Outcry as sexual immorality increases among kids
  • Kudos, knocks as JAMB concludes 2022 UTME
  • Man City, Liverpool take title chase down to the wire

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....