News
AMCON Seizes Properties, Freezes Accounts Of Jimoh Ibrahim Over N69.4 Billion Debt
Business tycoon,Jimoh Ibrahim has landed in AMCON’s net over N69B debt.
CityNews Nigeria reports that the Asset Management Corporation of Nigeria (AMCON) on Wednesday took over twelve assets and all bank accounts belonging to Jimoh Ibrahim, the Chairman of Global Fleet Group, over N69.4 billion debt.
The action was in pursuant to an order issued by Justice R.M. Aikawa of a Federal High Court, in Lagos.
The asset management through its debt recovery agent, Pinheiro Legal Partners, took possession of all 12 properties, including the building of NICON Investment Limited at Plot 242, Muhammadu Buhari Way, Central Business District, Abuja; NICON Hotels Limited building at plot 557, Port-Harcourt Crescent, Off Gimbiya Street, Abuja and the building of NICON Lekki Limited also at No. 5, Customs Street, Lagos.
Other properties seized by AMCON include the building of Abuja International Hotels Limited located at No. 3, Hospital Road, Lagos; another Property at Plot 242, Muhammadu Buhari Way, Abuja; the former Allied Bank Building on Mile 2, Oshodi Express Way, Apapa Road, Lagos; Energy House located on No. 94, Awolowo Road, Ikoyi, Lagos; NICON Building at No. 40, Madeira Street, Maitama, Abuja; a Residential Apartment at Road 2, House A14, Victoria Garden City, Lagos; NICON Hotels Building at Plot 3, Road 3, Victoria Garden City, Lagos as well as the NICON Luxury Hotel’s Building, Garki I, FCT, Abuja.
READ ALSO:Popular CCC Prophet, Israel Oladele Ogundipe Jailed For Fraud
Also, the court ordered the freezing of all bank accounts belonging to Ibrahim’s companies including Global Fleet Oil & Gas Limited and NICON Investment Limited. All the accounts are defendants in the suit No. FHL/L/CL/776/2016 presided over by Justice Aikawa on Wednesday November 4, 2020.
- Politics16 hours ago
Breaking: Prominent Nigerian Politician Is Dead(Photo)
- News19 hours ago
Former ECOWAS Court VP berates EFCC chairman over press briefing on Yahaya Bello
- Top Stories19 hours ago
Breaking: Parents ‘suspect foul play’ as boy, 4, dies in BrickHall School Abuja
- Politics23 hours ago
Sanwo-Olu Launches Eko Cares Intervention For 500,000 Lagosians
- Top Stories13 hours ago
Runway Mishap: ART Kicks Against Dana Suspension, Cautions Festus Keyamo
- Politics18 hours ago
Breaking: 118 Inmates Escape As Rainstorm Wreaks Havoc At Suleja Prison
- News23 hours ago
Top Nigerian Newspaper Headlines For Today, Thursday, 25th April, 2024
- News23 hours ago
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 25th April 2024