Rigs Onome and Oritsetimeyin

Rigs Onome and Oritsetimeyin are part of the Eligible Bank Assets (EBAs) under Asset Management Corporation of Nigeria’s (AMCON) asset portfolio, acquired pursuant to AMCON’s statutory powers and mandate under the AMCON Act (as amended). The Rigs were acquired through a Loan Purchase and Limited-Service Agreement (‘LPLSA’) dated 2/1/12, with which AMCON bought over First Bank of Nigeria’s (‘FBN’) loan rights and the assets charged, mortgaged, or pledged as security with respect to the unpaid debt of Seawolf Oilfield Services Ltd. (now Seawolf Oilfield Services Ltd. (in receivership) (“Seawolf”) owed to FBN.

Property along Western By-pass (former CBN Quarters) Gawon Nama Area, Sokoto Metropolis Residential.

Developments on the land include a block of Twelve ( 12) units of 3 bedroom flats

10.9 hectares of Land at Mayegun, off Lekki Expressway, Lagos

A commercial land directly on the Lekki-Epe expressway.

No. 7 Lungi Street, Off Kampala Street, Off Ademola Adetokunbo Crescent, Wuse 2, Abuja

Residential A, Block of 4 Nos. 4 bedroom flat all ensuite on 2 floors with a security gatehouse.

60, Nelson Mandela Street

The property is a residential development