FORMER Governor of Cross River State, Donald Duke on Monday assured a court that he would pay a debt of N537, 334,360.77 within 12 hours.
Desperate not to lose his Ikoyi home to the Asset Management Corporation of Nigeria – AMCON, Duke, through his counsel, Edoigiawerie Omoruyi, told the Federal High Court in Lagos, that he had promised AMCON to liquidate the debt before the end of Monday, September 2.
Omoruy prayed for an adjournment to enable Duke settle the case out of court.
Austin Erhabor, representing AMCON, conceded to Omoruyi’s prayer, saying ‘’in the spirit of trust and fairness, we will concede to an adjournment to enable us finalize the possible settlement.”
Justice Oweibo upheld Duke’s prayer and adjourned till September 11, for a report of settlement.
On August 8, AMCON, through its counsel had obtained the court’s order to take interim possession of Duke’s Ikoyi home.
It would be recalled that the court also authorized the corporation and United Bank for Africa – UBA, to take interim possession of funds in the accounts of Duke and others in any bank.