Outspoken
Senator, Ben Murray Bruce has fallen in trouble with the Asset
Management Corporation of Nigeria as his businesses might soon be taken
over.
Ben Murray Bruce
The AMCON will on Thursday morning take over the assets of three
companies belonging to politician Ben Murray-Bruce and his brothers,
except there is a last-minutes change in plans.
Premium Times reports that the assets are being seized following
the failure of Senator Murray-Bruce and his brothers to settle an N11
billion loan owed Union Bank and acquired by AMCON.
AMCON was established on July 9, 2010, as a key stabilizing and
re-vitalizing tool for stabilising the nation’s financial system.
Its enabling law empowers it to acquire non-performing loan assets
of Nigerian banks at fair values and then put them to economic use in a
profitable manner.
Mr. Murray Bruce and his brothers, using their companies, had
between 2005 and 2007 borrowed various sums of money from Union Bank.
After they repeatedly defaulted in paying back, AMCON purchased the loan in 2011 to save the bank from collapsing.
AMCON is now seizing the assets belonging to the three companies
used in securing the loan – Silverbird Productions Limited, Silverbird
Showtime Limited and Silverbird Galleria Limited.
The properties include those at 133, Ahmadu Bello Way, Victoria
Island, Lagos, Plot No 1161 (Silverbird Galleria), the plaza at Central
Area Cadastral Zone AOO, Abuja, and the magnificent structure located at
Abonnema Wharf Road and Abali Park in Port Harcourt City of Rivers
State.
The planned takeover followed the June 17 interim orders granted by
Justice Cecilia Olatoregun-Ishola of the Federal High Court, Lagos, in
Suit No. FHC/L/CS/790/16 – Asset Management Corporation of Nigeria &
3 Ors. v. Ben Murray Bruce & 4 Ors.
The order allows the Receiver/Manager to take possession of the said properties.
AMCON had on April 18 appointed a Senior Advocate of Nigeria, Muiz Banire, the receiver/manager over the sprawling properties.
Named as defendants in the suits are Senator Murray-Bruce, Guy
Murray-Bruce, Michael Murray-Bruce, Guy Murray-Bruce and Jonathan
Murray-Bruce, who is the senator’s first son.
An AMCON insider said Mr. Banire had concluded arrangements to take over the assets on Thursday morning (today).
Senator Murray-Bruce could not be reached, Thursday morning, to
comment for this story. His known telephone line failed to connect. He
is also yet to reply a text message sent to him.
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