LAGOS — The Federal High Court, Lagos Division, yesterday, restrainedNICON Investment Limited, Global Fleet Oil and Gas Limited and Mr Jimoh Ibrahim from dealing with anyassets or funds belonging to NICON Investment, Global Fleet Oil and other assets.The order was granted to AMCON asan interim injunction against NICON Investment Limited, Global Fleet Oil& Gas Limited and Mr Jimoh Ibrahim on the application of Asset Management Corporation of Nigeria (AMCON).Justice Saliu Saidu, while granting the order on the application of Mr. Yusuf Ali, SAN, counsel to AMCON, restrained NICON InvestmentLimited, Global Fleet Oil & Gas Limited and Barrister Jimoh Ibrahim from dealing with any assets or funds of the company.Jimoh IbrahimThe court also made an order freezing all the bank accounts of the above-named companies and their promoter, Barrister Jimoh Ibrahim until the matter is finally determined.The court order covers the assets of NICON Investment Limited, Global Fleet Oil & Gas Limited and Barrister Jimoh Ibrahim in Abuja, Lagos, Dubai and London.The freezing order also affects all bank accounts held and/or maintained by NICON Investment Limited, Global Fleet Oil & Gas Limited and Barrister Jimoh Ibrahim 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.Possessor orderThe rest include 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.The court also ordered the freezing of all bank accounts to which Barrister Jimoh Ibrahim is 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. AMCON was also granted the possessor order to take over Jimoh Ibrahim’s Nigeria Re-Insurance Company Plc, NICON Insurance Company Plc, Nigeria Stockbrokers Limited (NSL) and NICON Trustees Limited.The trio of NICON Investment Limited, Global Fleet Oil & Gas Limited and Barrister Jimoh Ibrahim owe AMCON over N50 billion, which have become subject of protracted negotiations and court battles as a result of their inability to repay the staggering debt. But with AMCON’s debt recovery efforts in full swing, the corporation yesterday took over the assets of Barrister Jimoh Ibrahim in both Abuja and Lagos.Recall that 400 obligors of AMCON account for more than N4.5 trillion, which is approximately 80 per cent of the total outstanding loan balanceof the corporation’s over 12,000 accounts with obligors that have become intractable over time despite obvious efforts of the Corporation.To deal with the situation however, AMCON recently increased the tempo of its recovery activities, using firmer negotiation strategies as well as utilizing special enforcement powers conferred by the AMCON Act to compel some of its debtors, especially those that are politically exposed and business heavyweights to repay their debts.

http://www.vanguardngr.com/2016/06/n50bn-debt-amcon-takes-jimoh-ibrahims-firms-freezes-bank-accounts/
lalasticlala
Mynd44

Na wa o, Una for allow make the man bragging last small. one of the biggest thief and organization destroyers in Nigeria

bonechamberlain:
Na wa o, Una for allow make the man bragging last small. one of the biggest thief and organization destroyers in Nigeria

Do U have any proof that he is a thief? The article talks about N50b debt. Pls. Learn to talk wisely so that your tongue will not lead U to your death one day.

But I thought the man "Jimoh Ibrahim" was boasting this morning, dat no one can take-over his properties, I dey laugh

Its beeeeen

satelliteDISH:



Do U have any proof that he is a thief? The article talks about N50b debt. Pls. Learn to talk wisely so that your tongue will not lead U to your death one day.

even though this reply came late due to the overzealousness of the mods banning people at will, its necessary u know that there is no proof that tinubu is a thief, there is no proof that gej stole, there is no proof that obj stole and the list goes on. If u have been following events in this country in the past 16 years you would have known that jimoh Ibrahim is a criminal and a fraudster, just like all other billionaires u see around in Nigeria, you should do a little research on companies he bought and destroyed making millions if not billions. Learn to reason and research properly, and knowledge would not leave you.

I don't know whether these takeovers and sealings from government agencies signs of good times abi bad times.

Every angle is showing a storm that would likely be difficult to wither soon