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Published On: Fri, Feb 16th, 2018

Nwankwo wants Senate’s intervention over debt

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A former Super Eagles Captain, Nwankwo Kanu

A former Super Eagles Captain, Nwankwo Kanu

By Christiana Ekpa

A Former football star, Kanu Nwankwo, has asked the Senate to quickly Intervene into the financial mess engulfed the Kanu Heart foundation over a Hotel loan debt.
The loan, it was gathered was obtained from an undisclosed bank by managers of Hardly Apartments, a hotel owned by Kanu Heart Foundation (KHF).
Nwankwo had raised alarm over the fate of his property, Hardly Apartments which has been put under the temporary possession of AMCON by an ex-parte order of a court on account of a purported indebtedness.
Kanu accused AMCON of inducing the protracted nature of proceedings “due to their refusal/inability to obey specific order of court to provide the full
statements of accounts, by which they came to the position of the purported indebtedness.”
The Senate Deputy Senate leader, Bala Ibn’Nallah, yesterday raised the motion on the matter in plenary. Although the amount of the loan was disclosed, he informed that he was taken without Kanu’s consent.
According to Ibn’Nallah said, the sole aim of the Foundation established by Kanu was done in appreciation of his successful heart surgery in order to assist the less privileged persons who are victims of heart related diseases.
He stated that it was in furtherance to cater for the less privileged that the foundation runs a hotel, where its proceeds are used to treat the victims. He hinted that managers of the bank secured a loan but has become non erforming.
“Mr. President, distinguished colleagues, Kanu Heart Foundation has a hotel that generates revenues used in the treatment of heart deasease victims.
The hotel secured a loan without the consent of its founder, Kanu Nwankwo and the Asset Management Commission of Nigeria (AMCON) is threatening to take over the hotel.”
Senate President, Bukola Saraki in his reaction said the matter is “dear to his (Saraki) heart because Nwankwo played for the best football team in United Kingdom and remembered to not just contribute to the development of sports in the country, but set up an establishment to provide intervention for the less privileged persons.”
Saraki however, referred the matter to Senate Committee on Banking, Insurance and Financial Institutions to seeks possible ways of redress and revert back to Senate in two weeks.

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