Kanu Nwankwo Sued For N1 Billion

Former Super Eagles skipper, Nwankwo
Kanu has been slammed with a N1 billion
lawsuit by Ayoola Gam-Ikon, a businessman
and lawyer, for malicious prosecution by the
police.
Gam-Ikon in his suit, claims to have been
arraigned on 19 counts of fraud by the
police after a complaint by Kanu on March
5, 2013.
He revealed that the charges brought against
him were however, dismissed by a chief
magistrate after the Federal Director of
Public Prosecutions declared that the, Gam-
Ikon was absolved of the alleged crimes.
In urging the court to award damages
amounting to N1 billion to him, Gam-Ikon
claimed that he lost valuable time and years
of his life going back and forth to court and
facing trial.
The claimant had been Kanu’s partner in
incorporating The Hardley Apartments
Limited on April 22, 2004 on a shareholding
structure of 70% to Kanu and the 30% to
him.
The duo had gotten a loan of N457 million
in a bid to expand the business and raise the
Hardley Apartments to a five star hotel.
Gam-Ikon revealed that the trouble between
him and Kanu started in the process of
returning the loan and it led to his
prosecution.
The claimant requested the court to order
Kanu to pay an interest of 22% of the
amount in the claim from December 15,
2015 till the day the judgement would be
passed and 10% interest from the passing of
the judgement till the claimed sum will be
paid.