Ben Murray Bruce

The Asset Management Corporation Of Nigeria, AMCON, has gotten an order by a Federal High Court in Lagos, Nigeria to take over Ben Murray Bruce owned Silverbird Cinemas.

According to a tweet by SaharaReporters, the court has granted AMCON an order to take over companies owned by common sense legislator for owing N11bn.

Silverbird Cinema

 

It was further reported that Senator Murray-Bruce and his business family members have defaulted in the repayment of N11b loan to AMCON, hence, the court order to take over the companies, which isled by the Silverbird Cinemas.

The report revealed that AMCON will take over Silverbird Cinemas by Thursday morning, June 23, 2016 over the N11b loan default.

 

It should be noted that AMCON recently got a court order to take over the properties of business mogul, Jimoh Ibrahim after he defaulted in paying back a loan of N50bn.

READ ALSO  Power generation drops to record 1,580MW

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like
The 2019 BET Awards

The 2019 BET Awards : The Complete List Of Winners

It was an exciting night at the 2019 BET Awards which held…
etisalat

Etisalat Joined 4G LTE Network in Nigeria

Etisalat has finally joined the 4G LTE family. Coming just few days…
deserts of the world

The Deserts of the World

Did you know that the deserts cover about one-third of the Earth’s…