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.
FLASH: Senator @benmurraybruce and his business family members have defaulted in the repayment of N11b loan to AMCON pic.twitter.com/iVHhm8wgp3
— Sahara Reporters (@SaharaReporters) June 23, 2016
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.
FLASH: AMCON will take over @SilverbCinemas by Thursday morning over N11b loan default
— Sahara Reporters (@SaharaReporters) June 23, 2016
The report revealed that AMCON will take over Silverbird Cinemas by Thursday morning, June 23, 2016 over the N11b loan default.
FLASH: Federal High Court in Lagos has given an order to have AMCON take over companies owned by common sense Senator @benmurraybruce /1
— Sahara Reporters (@SaharaReporters) June 23, 2016
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.
