Business
Ben Murray-Bruce loses Silverbird chain to AMCON
Senator Ben Murray-Bruce, one of the celebrated critics of the Buhari administration, on Thursday lost a chain of his businesses to the Asset Management Company of Nigeria (AMCON).
The businesses which assets were seized are Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited.
The companies which have grown to become entertainment hubs, are said to be owing AMCON a whopping sum of N11 billion. AMCON alleges that between 2005 and 2007, the said companies had borrowed various sums of money from Union Bank which they failed to service.
The assets are situated at 133 Ahmadu Bello Way, Victoria Island, Lagos, Plot No 1161 (Silverbird Galleria); Central Area Cadastral Zone AOO, Abuja; and Abonnema Wharf Road and Abali Park in Port Harcourt City of Rivers State.
The seizures were not unexpected as there had been an interim order granted by Justice Cecilia Olatoregun-Ishola of the Federal High Court, Lagos, on June 17 empowering a Receiver/Manager, Muiz Banire, a three-time Commissioner in Lagos State and National Legal Adviser of APC, to take possession of the said properties.
Ben Murray-Bruce is the second high-profile Peoples Democratic Party (PDP) corporate chieftain whose business had run into troubled waters and its assets seized by AMCON. Earlier in the week, Barrister Jimoh Ibrahim of the Global Fleet fame lost a sizeable portion of his business empire also to AMCON over failure to redeem a N35.5 billion debt.
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