AMCON seizes Jimoh Ibrahim’s properties, freezes accounts over N69.4bn debt

By AdvocateNews on 18/11/2020

Share on facebook Yahoo mail icon Gmail icon

Views: 398

Jimoh Ibrahim
Jimoh Ibrahim

Following a debt which amounts to N69.4bn, over 12 assets belonging to Chairman of Global Fleet Group, Jimoh Ibrahim have been seized by the Asset Management Corporation of Nigeria (AMCON).

AMCON also got all his accounts frozen.

The seizure of the assets is pursuant to an order by Justice R.M. Aikawa of a Federal High Court, in Lagos.
AMCON on Wednesday took effective possession of all 12 properties through its Debt Recovery Agent – Pinheiro Legal Partners, which include the following: 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 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.

In addition to the takeover of the listed properties, the court also ordered the freezing of all accounts belonging to Ibrahim and his companies including Global Fleet Oil & Gas Limited and NICON Investment Limited all of who are defendants in the suit No. FHL/L/CL/776/2016 presided over by Justice Aikawa on Wednesday November 4, 2020.

The court also granted AMCON possession over all shares belonging to the embattled Ibrahim and his two companies that are domiciled in Nigerian Re-Insurance Company Plc, NICON Insurance Company Plc, Nigeria Stockbroke

AMCON’s Spokesman, Jude Nwauzor, said all the assets that are listed by the court and scattered around Abuja and Lagos had been successfully taken over by AMCON with the help of court bailiffs and officers and men of the Nigerian police as mandated by the court.

Posted 18/11/2020 11:24:48 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Wike pledges N20m to families of killed policemen,...

Herdsmen: We’ll protect ourselves if Buhari, Abiodun fail,...

We strongly believe in the unity of Nigeria,...

Police arrest three traditional rulers in Kogi over...

COVID-19: Prepare for evacuation flights, US tells citizens...

Govt has impoverished Nigerians to oppress them, says...

Senatorial candidate weeps in court

Security threat: Fed Govt moves to proscribe Almajiri...

NEWSInsecurity: Gov Wike bans meeting of Igbo group...

I used my Milan church to rescue Nigerian...

COVID-19: 11 Nigerians die in South Africa

I will be sworn in as next Governor...

 

Latest News Printing of N60bn by CBN, wake up call for Buhari, APC – PDP warns Police confirm death of Abuja pastor, Evans Unaegbu Buhari snoring while Nigeria sinks under him – Dino Melaye Nine govs stealing LG funds through cronies–NULGE Abductors of Kaduna students demand N500 million ransom Police arrest Woman for poisoning 3-year-old stepson with Sniper Insecticide Forces against NIN policy behind attacks against me – Pantami SEEDS OF DESTINY APRIL 17, 2021: UNDERSTANDING RESPONSIBILITY Bandits kill nine, rustle 500 cattle in Sokoto village Pst Enenche hails Kogi Gov on response to COVID-19 FEARS ABOUT EBUBEAGU, EASTERN SECURITY NETWORK Patients protest poor food, sanitation at ESUT teaching hospital

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (84,158 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (72,267 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (68,811 views) Ebonyi bans embalming of corpses in homes (68,810 views) Sickle cell support group seeks government intervention (68,809 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (68,808 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (68,808 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (68,711 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (67,485 views) ASUU strike: Senate intervention ends in deadlock (66,795 views) All you need to know about Peter Obi, PDP VP Candidate (56,394 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (54,405 views)

 

 

SECTIONS NEWS (4,963) FAITH (99) EDITORIAL (14) POLITICS (482) SOCIETY (125) SPORTS (43) BUSINESS (346) HEALTH (50) EDUCATION (44) ENTERTAINMENT (33) INTERNATIONAL (143) TECHNOLOGY (1) COLUMNISTS (57) LETTERS (3) OPINION (32)

 

 


There are no video entries posted yet.