By Onyewuchi Ojinnaka
A Federal High Court sitting in Lagos Nigeria on Wednesday discharged an order granting Asset Management Corporation of Nigera (AMCON) to take over the property of former Governor of Cross River State Mr Donald Duke over debt of N500million.
Justice Nicholas Oweibo discharged the order consequent upon the settlement terms filed and moved by the AMCON’s legal team from Benson Reeds legal Practitioners, Abuja.
Moving the terms, Mrs Juliet Benson told the court that Donald Duke has fulfilled the terms of the settlement and both parties have agreed to the terms.
She urged the court to adopt the terms of settlement as the judgement of court.
Counsel to Donald Duke, Edoigiawerie Uyi confirmed that his client has demonstrated good faith by prompt payment of the over N350million which parties all agreed to.
“I joined my colleagues in urging the court to enter our terms of settlement as full and final judgement of court.
In a short ruling, Justice Oweibo granted the terms of the settlement as agreed and entered it as full and final judgement of the court.
He declared that all orders in the case stands discharged.
AMCON had on August 8, sealed off Ikoyi house of the former Governor of Cross River State, Donald Duke following an order obtained from the Federal High Court Lagos regarding the debt.