Senator Ben-Bruce and his brothers have allegedly been involved in a N11 billion loan scandal. He and his brothers reportedly failed to settle the alleged sum 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.

Senator Bruce and his brothers have allegedly been using their companies between 2005 and 2007 with various sums of money borrowed 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 four companies used in securing the loan – Silverbird Productions Limited, Silverbird Showtime Limited and Silverbird Galleria Limited.
Get the complete story at http://doyennaija..com.ng/2016/06/scandal-senator-ben-bruce-in-big.html?m=1

Gud 4 the Bruce brothers n the bank, some of us youths are soliciting for loans as meagre as 500k 2 boost our businesses yet the banks won't grant us but prefers giving huge amount to individuals who ends up not paying. Gud 4 the Bruce brothers n the bank, some of us youths are soliciting for loans as meagre as 500k 2 boost our businesses yet the banks won't grant us but prefers giving huge amount to individuals who ends up not paying. Gud 4 the Bruce brothers n the bank, some of us youths are soliciting for loans as meagre as 500k 2 boost our businesses yet the banks won't grant us but prefers giving huge amount to individuals who ends up not paying.

...waiting for a common sense explanation to this on tweeter from the senator.

Sunnymatey:
Gud 4 the Bruce brothers n the bank, some of us youths are soliciting for loans as meagre as 500k 2 boost our businesses yet the banks won't grant us but prefers giving huge amount to individuals who ends up not paying. Gud 4 the Bruce brothers n the bank, some of us youths are soliciting for loans as meagre as 500k 2 boost our businesses yet the banks won't grant us but prefers giving huge amount to individuals who ends up not paying. Gud 4 the Bruce brothers n the bank, some of us youths are soliciting for loans as meagre as 500k 2 boost our businesses yet the banks won't grant us but prefers giving huge amount to individuals who ends up not paying.

Do u have enough collateral to go for bigger loan? If u have collateral dat worth d amt u are requestin 4 banks will loan u