Jimoh Ibrahim The Asset Management Corporation of Nigeria has taken over 12 assets belonging to Chairman of Global Fleet Group, Jimoh Ibrahim, over N69.4bn debt. The seizure of the assets is pursuant to an order by Justice R.M. Aikawa of a Federal High Court in Lagos. Jimoh Ibrahim All bank accounts, which had Ibrahim as a signatory, either alone or with any other person were also frozen. Following the court order, the AMCON debt recovery team on Wednesday immediately swung into action and took over Ibrahim’s assets in both Abuja and Lagos. AMCON’s spokesperson, Jude Nwauzor, in a statement on Wednesday, said the court order equally directed the agency to take over the businessman’s Nigeria Re-Insurance Company Plc, NICON Insurance Company Plc, Nigeria Stockbrokers Limited and NICON Trustees Limited. The statement reads, “AMCON on Wednesday took effective possession of all 12 properties through its Debt Recovery Agent – Pinheiro Legal Partners, which include the following:...
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