N69.4bn Debt: Jimoh Ibrahim Loses Bid To Vacate Order On Seized Assets

Sahara
Jimoh Ibrahim A Federal High Court in Lagos on Tuesday refused to vacate an interim order through which the Asset Management Corporation of Nigeria (AMCON) seized properties belonging to Businessman, Jimoh Ibrahim, for an alleged N69.4 billion debt.  Ibrahim, NICON Investment Ltd and Global Fleet Oil and Gas Ltd, had contended that the court granted the order in error, alleging that AMCON concealed material facts in its ex parte application leading to the seizure order. Jimoh Ibrahim They further urged the court to order AMCON to pay N50 billion indemnity for alleged failure to conduct due diligence before obtaining the…
Source: N69.4bn Debt: Jimoh Ibrahim Loses Bid To Vacate Order On Seized Assets

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