N50 Billion Debt: AMCON Takes Over Jimoh Ibrahim's Firms & Freezes Bank Accounts

Date: 22-06-2016 10:00 am (7 years ago) | Author: CLARA JANCITA
- at 22-06-2016 10:00 AM (7 years ago)
(f)

The Asset Management Corporation of Nigeria has on Tuesday, seized the companies, assets and freezed the bank accounts of billionaire business mogul, Jimoh Ibrahim.
Following the Federal High Court in Lagos order to restrain NICON Investment Limited, Global Fleet Oil and Gas Limited and their owners, Jimoh Ibrahim, from dealing with any assets or funds belonging to them, the Asset Management Corporation of Nigeria (AMCON) on Tuesday, moved swiftly to enforce the order  as the AMCON debt recovery team immediately swung into action and took over Ibrahim’s assets in both Abuja and Lagos.
 
It was earlier reported that NICON Investment Limited, Global Fleet Oil & Gas Limited and Jimoh Ibrahim were owing AMCON over N50 billion, which have been subjects of protracted litigation and negotiations.
 
Justice Saliu Saidu granted the order on the application by counsel to AMCON, Yusuf Ali (SAN), seeking to restrain Ibrahim and the management of the two companies from dealing with any assets or funds of the company.
 
Justice Saidu also ordered the immediate freezing of all their bank accounts, including NICON Investment Limited, Global Fleet Oil & Gas Limited and Mr. Ibrahim’s assets in Abuja, Lagos, Dubai and London until the matter was finally determined.
 
According to Premium Times, the freezing order also affected all bank accounts held and/or maintained by Mr. Ibrahim and the companies in First Bank Plc, Guaranty Trust Bank Plc, Diamond Bank Plc, United Bank of Africa Plc, Access Bank Plc, Citibank Nigeria Limited and Sterling Bank Plc.
 
Other affected banks included Ecobank Nigeria Plc, Fidelity Bank Plc, First City Monument Bank Plc, Heritage Bank Limited, Keystone Bank Limited, Skye Bank Plc, Stanbic IBTC Bank Plc, Sterling Bank Plc, Zenith Bank Plc, Union Bank of Nigeria Plc and Unity Bank Plc.
 
All bank accounts which has Ibrahim as a signatory, either alone or with any other person in NICON Investment Limited, Global Fleet Oil & Gas Limited in any of the banks and financial institutions on the list were also ordered frozen by the court.
 
The court order equally directed AMCON to take over Jimoh Ibrahim’s Nigeria Re-Insurance Company Plc, NICON Insurance Company Plc, Nigeria Stockbrokers Limited (NSL) and NICON Trustees Limited.

Posted: at 22-06-2016 10:00 AM (7 years ago) | Hero
- Wazubia at 22-06-2016 10:04 AM (7 years ago)
(m)
There wahala....
Posted: at 22-06-2016 10:04 AM (7 years ago) | Gistmaniac
Reply
- EDDYPRINCE at 22-06-2016 10:06 AM (7 years ago)
(m)
WETIN CONCERN US HERE NOW.... NEXT
Posted: at 22-06-2016 10:06 AM (7 years ago) | Addicted Hero
Reply
- CHRISETTE at 22-06-2016 10:19 AM (7 years ago)
(f)
They know what to do
Posted: at 22-06-2016 10:19 AM (7 years ago) | Hero
Reply
- BournIdentity at 22-06-2016 10:26 AM (7 years ago)
(m)
Them try,,,,, na so e suppose be
Posted: at 22-06-2016 10:26 AM (7 years ago) | Addicted Hero
Reply
- kison at 22-06-2016 10:42 AM (7 years ago)
(m)
Y'ALL BETTER be careful, be very very careful, CAREFULLLLLLLLLLLLLLLL...
Posted: at 22-06-2016 10:42 AM (7 years ago) | Hero
Reply
- gogoman at 22-06-2016 10:46 AM (7 years ago)
Online (m)
welcome to poor man land be that
Posted: at 22-06-2016 10:46 AM (7 years ago) | Grande Master
Reply
- winace at 22-06-2016 11:54 AM (7 years ago)
(f)
Whatever.
Posted: at 22-06-2016 11:54 AM (7 years ago) | Addicted Hero
Reply
- winace at 22-06-2016 11:55 AM (7 years ago)
(f)
Whatever.
Posted: at 22-06-2016 11:55 AM (7 years ago) | Addicted Hero
Reply
- BournIdentity at 22-06-2016 11:55 AM (7 years ago)
(m)
 Roll Eyes winace I see you...
Posted: at 22-06-2016 11:55 AM (7 years ago) | Addicted Hero
Reply
- dickieponga at 22-06-2016 01:39 PM (7 years ago)
(m)
Quote from: Bourne Identity on 22-06-2016 11:55 AM
Roll Eyes winace I see you...

Hahahahahaha
Wetin ur eye dey do dere, comot am...I can see trouble ahead...
Posted: at 22-06-2016 01:39 PM (7 years ago) | Hero
Reply
- morgan1 at 22-06-2016 02:13 PM (7 years ago)
(m)
 Roll Eyes
Posted: at 22-06-2016 02:13 PM (7 years ago) | Hero
Reply
- ola129 at 22-06-2016 08:32 PM (7 years ago)
(m)
Just face ur business,n move on
Posted: at 22-06-2016 08:32 PM (7 years ago) | Upcoming
Reply
- Vectorcy at 22-06-2016 09:25 PM (7 years ago)
(m)
But I thought the man "Jimoh Ibrahim" was boasting this morning, dat no one can take-over his properties, I dey laugh
Posted: at 22-06-2016 09:25 PM (7 years ago) | Hero
Reply
- Airbender at 22-06-2016 09:57 PM (7 years ago)
(m)
part of change
Posted: at 22-06-2016 09:57 PM (7 years ago) | Gistmaniac
Reply
- michaelc80 at 22-06-2016 09:59 PM (7 years ago)
(m)
All join
Posted: at 22-06-2016 09:59 PM (7 years ago) | Gistmaniac
Reply
- GermoDon at 23-06-2016 06:38 AM (7 years ago)
(m)
i tot he said nobody go touch his property
Posted: at 23-06-2016 06:38 AM (7 years ago) | Gistmaniac
Reply
- wamm33 at 23-06-2016 08:30 AM (7 years ago)
(m)
settle the debt and carry on son
Posted: at 23-06-2016 08:30 AM (7 years ago) | Upcoming
Reply
- BournIdentity at 27-06-2016 11:40 PM (7 years ago)
(m)
Hahahahahaha
Wetin ur eye dey do dere, comot am...I can see trouble ahead...

hehehahahahahha,,,, say wetin happen....?
Posted: at 27-06-2016 11:40 PM (7 years ago) | Addicted Hero
Reply
- BournIdentity at 27-06-2016 11:40 PM (7 years ago)
(m)
Observing things on point
Posted: at 27-06-2016 11:40 PM (7 years ago) | Addicted Hero
Reply
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