• AMCON gets court order to seize Jimoh Ibrahim’s assets over N50bn debt

    AMCON gets court order to seize Jimoh Ibrahim’s assets over N50bn debt

    A Federal High Court in Lagos has granted an interim injunction to the Asset Management Corporation of Nigeria to take over some assets belonging to Nigerian businessman, Mr. Jimoh Ibrahim, over an alleged indebtedness of N50bn.

    Justice Saliu Saidu, who made the order following an application to that effect by AMCON’s lawyer, Mr. Yusuf Ali (SAN), said the order would subsist until a suit filed by AMCON against Ibrahim and his companies was fully determined.

    The companies affected by the seizure order […]