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AMCON To Takeover Ben Murray-Bruce Companies - Politics - Nairaland

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AMCON To Takeover Ben Murray-Bruce Companies by osinbanjoisaliar: 7:32am On Jun 23, 2016
Unpaid Debt: AMCON set to take over Ben Murray-Bruce’s companies, assets



Excerpt there is a last-minutes change in plans, the Asset Management Corporation of Nigeria (AMCON) will on Thursday morning take over the assets of three companies belonging to politician Ben Murray-Bruce and his brothers.
The assets are being seized following the failure of Senator Murray-Bruce and his brothers to settle an N11 billion loan 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.
Mr. Murray Bruce and his brothers, using their companies, had between 2005 and 2007 borrowed various sums of money 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 three companies used in securing the loan – Silverbird Productions Limited, Silverbird Showtime Limited and Silverbird Galleria Limited.

Silverbird Galleria, Lagos, … One of the assets to be seized… Photo Credit: www.aboutlagos.com
The properties include those at 133, Ahmadu Bello Way, Victoria Island, Lagos, Plot No 1161 (Silverbird Galleria), the plaza at Central Area Cadastral Zone AOO, Abuja, and the magnificent structure located at Abonnema Wharf Road and Abali Park in Port Harcourt City of Rivers State.
The planned takeover followed the June 17 interim orders granted by Justice Cecilia Olatoregun-Ishola of the Federal High Court, Lagos, in Suit No. FHC/L/CS/790/16 – Asset Management Corporation of Nigeria & 3 Ors. v. Ben Murray Bruce & 4 Ors.
The order allows the Receiver/Manager to take possession of the said properties.
AMCON had on April 18 appointed a Senior Advocate of Nigeria, Muiz Banire, the receiver/manager over the sprawling properties.
Named as defendants in the suits are Senator Murray-Bruce, Guy Murray-Bruce, Michael Murray-Bruce, Guy Murray-Bruce and Jonathan Murray-Bruce, who is the senator’s first son.
An AMCON insider said Mr. Banire had concluded arrangements to take over the assets on Thursday morning (today).
Senator Murray-Bruce could not be reached, Thursday morning, to comment for this story. His known telephone line failed to connect. He is also yet to reply a text message sent to him.


www.premiumtimesng.com/news/headlines/205776-unpaid-debt-amcon-set-take-ben-murray-bruces-companies-assets.html

4 Likes 2 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by IykeChukz(m): 7:33am On Jun 23, 2016
When the going gets tougher...


Who's next please?

25 Likes

Re: AMCON To Takeover Ben Murray-Bruce Companies by a2personal2013: 7:33am On Jun 23, 2016
Wahala dey ooooo. Everybody that has voiced against this government is now being pursued by one legality or the other. We are all watching in 3D googles where this will lead us to.

We have an unending list of debtors cutting across various Nigerian businesses. Why is BMB being singled out ?

Like we always say " whatever is good for Boniface should equally be good for boniyarnsh"

145 Likes 3 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by brunofarad(m): 7:35am On Jun 23, 2016
MEN WHO ACT seldom talks....

You keep spewing vocabs about COMMON SENSE when you actually can't manage a BUSINESS ......


Oya KWANTINU

“common sense” grin





" MEANWHILE "

Check out this convo between me and my cousin sis......I don't know why she thinks I eat too much grin

74 Likes

Re: AMCON To Takeover Ben Murray-Bruce Companies by andresia(m): 7:35am On Jun 23, 2016
cheesy cheesy cheesy cheesy cheesy

No wonder the albino with shady origin has been yapping cos he knows a day like this will soon come.

They go out attacking so that when their sins find them out, they can conveniently scream witch-hunt to the delight of IPOB yoots!

Olisa Metuh, Fayose and Ben Bruce. same pattern

222 Likes 15 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by houstonia(m): 7:37am On Jun 23, 2016
what more evidence do we need to identify a tyrant, after them go yab GEJ a man who withstood every opposition, degradation, insults and criticism with silence. Wole Soyinka you won't tell them again “any government that is afraid of criticism is......... ”

72 Likes 2 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by IykeChukz(m): 7:39am On Jun 23, 2016
[quote author=andresia post=46839965] cheesy cheesy cheesy cheesy cheesy

No wonder the albino with shady origin has been yapping cos he knows a day like this will soon come.

They go out attacking so that when their sins find them out, they can conveniently scream witch-hunt to the delight of IPOB yoots!

Olisa Metuh, Fayose and Ben Bruce. same pattern








IPOB youth abi? Their bone will definitely perforate your throat.


Bingo like you!

27 Likes 3 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by wawaboy1(m): 7:42am On Jun 23, 2016
houstonia:
what more evidence do we need to identify a tyrant, after them go yab GEJ a man who withstood every opposition, degradation, insults and criticism with silence. Wole Soyinka you won't tell them again “any government that is afraid of criticism is......... ”

WETIN CONCERN PMB FOR THE MATTER;
WOULD IT HAVE BEEN BETTER FOR THE BANK TO GO DOWN.

SOME PPLE LIKE TO CRY FOR ANYTHING SHA

315 Likes 15 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by Xberryz(m): 7:43am On Jun 23, 2016
lol and he be out there trying to make common sense....funny him....Btw am in love with Lady F any body seen her

13 Likes 1 Share

Re: AMCON To Takeover Ben Murray-Bruce Companies by aieromon(m): 7:46am On Jun 23, 2016
AMCON has been reactivated to go after the gbese gang. The big dogs get loans from the banks and fail to repay while the rest of the masses will be given a long list of requirements which their ancestors cannot fulfill.

Over to you Senator Bruce. I don't think people visit your cinemas to watch films on credit. Kindly settle your debts.

250 Likes 12 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by thomasthomas: 7:50am On Jun 23, 2016
So the common sense senator cannot even run a common company


grin grin grin yet he wants to tell President Buhari how to run Nigeria


grin grin

202 Likes 9 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by erusen: 7:53am On Jun 23, 2016
thomasthomas:
So the common sense senator cannot even run a common company


grin grin grin yet he wants to tell President Buhari how to run Nigeria


grin grin
common company, which one you get

23 Likes 2 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by deji68: 7:56am On Jun 23, 2016
Why only Ben Bruce. ...dangote otedola e.t.c dey the List of debors too...we are heading to a one party state angry angry

27 Likes 2 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by rose54321: 7:58am On Jun 23, 2016
Haba na, the Federal government should step in and bail out companies like this.

If Silverbird is closed down, it's average Nigerians like me and you that will lose their jobs and suffer.

This is common sense, the government should put systems in place to help business and companies from closing down. The military approach wouldn't work here.

I have said my own, if things keep getting hard the masses will protest.

16 Likes 1 Share

Re: AMCON To Takeover Ben Murray-Bruce Companies by Nobody: 8:00am On Jun 23, 2016
But where is lalasticlala

1 Like

Re: AMCON To Takeover Ben Murray-Bruce Companies by Nobody: 8:00am On Jun 23, 2016
But where is lalasticlala sef shocked

Day don break oh grin

Amazing action, dissolve the board of those companies and take over management.

Great decision

13 Likes

Re: AMCON To Takeover Ben Murray-Bruce Companies by AZeD1(m): 8:03am On Jun 23, 2016
rose54321:
Haba na, the Federal government should step in and bail out companies like this.

If Silverbird is closed down, it's average Nigerians like me and you that will lose their jobs and suffer.

This is common sense, the government should put systems in place to help business and companies from closing down. The military approach wouldn't work here.

I have said my own, if things keep getting hard the masses will protest.
What's the government's business in this case?

83 Likes 1 Share

Re: AMCON To Takeover Ben Murray-Bruce Companies by Mboi: 8:05am On Jun 23, 2016
Nigerians hope you are watching. This govt fights anybody that speaks against it. The painful thing is that our able youths have sold their brains out to the dogs and applaud this govt for doing this. Buhari APC govt cannot do anything in Nigeria. They only fight the opposition and embezzle money. This is the worst and most corrupt govt ever. Those who celebrate this should know that the time when they will cry and wish there's somebody to speak for them as these people being fought now are doing is near.

26 Likes 1 Share

Re: AMCON To Takeover Ben Murray-Bruce Companies by dammytosh: 8:08am On Jun 23, 2016
WITCH HUNT.


So witch borrowed money and did not pay back ?

Witch did not service the loan.

I pray we receive sense sooner than we can.

================================================
HOW TO GET AWAY WITH FINANCIAL CRIME IN NIGERIA
================================================

1. Borrow Billions of Money and dont pay back or service it wss agreed.

2. Collect Billions from Dansuki,

3. Register with PDP and be a card carrying member

4. Open twitter account .

5. Retwee, repost any hash Tag with "Buhari is a dullard", "Buari is a tyrant", "Buhari is a thief", " Buhari does not have common sense".
This qualify you to be an opposition leader.

6. Repeat 5 and be louder as much as you can.

7. Repeat 5 and 6 and be a bit louder. ( By now you are the voice of the common man a.k.a THE WAILERS)

8. Once they arrest you say they want to silence your voice.

161 Likes 11 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by jmichlins(m): 8:09am On Jun 23, 2016
a2personal2013:
Wahala dey ooooo. Everybody that has voiced against this government is now being pursued by one legality or the other. We are all watching in 3D googles where this will lead us to.

We have an unending list of debtors cutting across various Nigerian businesses. Why is BMB being singled out ?

Like we always say " whatever is good for Boniface should equally be good for boniyarnsh"
why have you refused to have sense? This man nearly killed the bank and do you know the effect on the economy

126 Likes 5 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by rose54321: 8:09am On Jun 23, 2016
AZeD1:

What's the government's business in this case?

When the financial crisis hit the US in 2008, the govt. had to bail out wall street, the alternative then meant a looming depression, massive unemployment and the likes.

Now agreed this isn't in anyway as major as that, but still if the opportunity cost of doing so is less, government can always intervene, introduce an economic incentive to assist companies from closure.

9 Likes

Re: AMCON To Takeover Ben Murray-Bruce Companies by wasco24: 8:09am On Jun 23, 2016
shocked
Re: AMCON To Takeover Ben Murray-Bruce Companies by dridowu: 8:09am On Jun 23, 2016
Mboi:
Nigerians hope you are watching. This govt fights anybody that speaks against it. The painful thing is that our able youths have sold their brains out to the dogs and applaud this govt for doing this. Buhari APC govt cannot do anything in Nigeria. They only fight the opposition and embezzle money. This is the worst and most corrupt govt ever. Those who celebrate this should know that the time when they will cry and wish there's somebody to speak for them as these people being fought now are doing is near.

I doubt if you read this part The assets are being seized
following the failure of
Senator Ben-Bruce and his
brothers to settle an N11
billion loan owed Union Bank


Now it is left for Ben Bruce and companies to deny this allegations legally not on twitter
rose54321:
Haba na, the Federal government should step in and bail out companies like this.

If Silverbird is closed down, it's average Nigerians like me and you that will lose their jobs and suffer.

This is common sense, the government should put systems in place to help business and companies from closing down. The military approach wouldn't work here.

I have said my own, if things keep getting hard the masses will protest.
Government cannot keep on bailing out because you and i have refuse to pay our tax and if government increases any levy we all complain and remember their are lot of capital projects government must finance. For you to take loan it means you have the financial capability to repay it without help from an outsider. I'm sure the company can't close down because AMCON will transfer the company to another private investor for proper management and repayment of their outstanding loan. Even if Silverbird close down it will affect few people than Union Bank closing down due to numbers of people having their account with them including multinationals companies.

124 Likes 7 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by dammytosh: 8:10am On Jun 23, 2016
deji68:
Why only Ben Bruce. ...dangote otedola e.t.c dey the List of debors too...we are heading to a one party state angry angry

AMCON does not buy all LOANS

They buy bad loans and must recover their money.


When you borrow money and you are not servicing it (Paying back as agreed in due time)

So don't hide under they are opposition and cook up WITCH HUNT stories.

This is the reason why we must fight the corrupt elite to stand still. They deny us quality education so all you can talk about and put up as their defense is whatever they tweet.


The said loan was purchased by AMCON in 2011 after the capital base of Union Bank was terribly shaky and the common sense senator has persistently failed to pay the loans and yet has been pretending to be concerned with the welfare of Nigerians whom he has been skinning alive in order to remain relevant and live like a king,” Adegoke said with barely disguised glee.

Realizing that the Senator was not ready to pay back the money, AMCON appointed a receiver/manager to recover the loan. While the agents of the receiver, officials of AMCON and large contingents of armed police officers were seen sealing up the premises of Silverbird Group of Companies in Lagos, Abuja, and Port Harcourt, the staff of the companies were lamenting the failure of their principal to meet his obligations. All efforts to reach the senator proved abortive, as calls to his mobile phones were “being forwarded to another number”.

100 Likes 11 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by dammytosh: 8:11am On Jun 23, 2016
rose54321:


When the financial crisis hit the US, the govt. had to bail out wall street, the alternative if not doing that meant a looming depression, massive unemployment and the likes.

Government can always intervene, introduce an economic incentive to assist companies from closure.

Intervene and help him pay the money he borrowed ?

I dnt get.

11Billion from one Bank.

When the bank goes down, and sack workers.

he will go to twitter and tweet

"There is no way the common indices can subfujugate the antecedent of economic rascality"

My Name is Ben Bruce i just want to make ConMan Sense.

and Wailer will be like "It is that simple now" (Even without knowing the meaning of the nonsense he wrote)

AMCON belongs to Nigerian Government.

He is oweing US 11Billion and living large on it and infact organizing programs to teach US how to manage the economy.


The said loan was purchased by AMCON in 2011 after the capital base of Union Bank was terribly shaky and the common sense senator has persistently failed to pay the loans and yet has been pretending to be concerned with the welfare of Nigerians whom he has been skinning alive in order to remain relevant and live like a king,” Adegoke said with barely disguised glee.

Realizing that the Senator was not ready to pay back the money, AMCON appointed a receiver/manager to recover the loan. While the agents of the receiver, officials of AMCON and large contingents of armed police officers were seen sealing up the premises of Silverbird Group of Companies in Lagos, Abuja, and Port Harcourt, the staff of the companies were lamenting the failure of their principal to meet his obligations. All efforts to reach the senator proved abortive, as calls to his mobile phones were “being forwarded to another number”.

118 Likes 13 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by MosesNG(m): 8:15am On Jun 23, 2016
Mboi:
Nigerians hope you are watching. This govt fights anybody that speaks against it. The painful thing is that our able youths have sold their brains out to the dogs and applaud this govt for doing this. Buhari APC govt cannot do anything in Nigeria. They only fight the opposition and embezzle money. This is the worst and most corrupt govt ever. Those who celebrate this should know that the time when they will cry and wish there's somebody to speak for them as these people being fought now are doing is near.
Pls if you can tell me whether the 11bn borrowed by BMB and co wasn't out of other ordinary people's deposits, then you may actually be right but if it happens that the loan amount was from other depositors savings which it is obviously, I wonder what motivates you to support such act. 1 family which u dont belong to (sure of that) destroying the finances of a large number of the ordinary citizen's (where you belong; sure of that too) and ua okay with it. The quality of sense of an average Nigerian beats me!

125 Likes 13 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by RZArecta(m): 8:17am On Jun 23, 2016
andresia:
cheesy cheesy cheesy cheesy cheesy

No wonder the albino with shady origin has been yapping cos he knows a day like this will soon come.

They go out attacking so that when their sins find them out, they can conveniently scream witch-hunt to the delight of IPOB yoots!

Olisa Metuh, Fayose and Ben Bruce. same pattern
so what sin did he commit here because inability to pay a debt doesn't count as a sin. If you don't know about Ben Bruce origins at least ask about Domino stores at yaba and how his father founded/ran the place ask also how his father worked with U.A.C of Nigeria. Far as I'm concerned Ben Bruce only sin according to APC zombies is that he's in the PDP.


ARGUE WITH YOUR ANCESTORS

1 Like

Re: AMCON To Takeover Ben Murray-Bruce Companies by thomasthomas: 8:18am On Jun 23, 2016
erusen:
common company, which one you get
Not everyone is as silly as you guys. Ben Bruce has been tweeting about how to run the cou try with just common sense and yet he can't run a common company.

I may or may not have but I'm won't criticise someone else for not doing well if I'm not doing well.

It's not a matter of having or not having a company. Some of you need to have your certificates torn and burn for failing comprehension! angry angry

92 Likes 9 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by evy1(m): 8:19am On Jun 23, 2016
Baffles me at times how some folks reason, he collected loan and couldn't service it as stipulated and some folks are saying witch hunt.
Naija Na wa o

66 Likes 6 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by MosesNG(m): 8:22am On Jun 23, 2016
thomasthomas:
Not everyone is as silly as you guys. Ben Bruce has been tweeting about how to run the cou try with just common sense and yet he can't run a common company.

I may or may not have but I'm won't criticise someone else for not doing well if I'm not doing well.

It's not a matter of having or not having a company. Some of you need to have your certificates torn and burn for failing comprehension! angry angry
Man, ua so on point. There level of reasoning is just mind boggling

42 Likes 4 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by thomasthomas: 8:23am On Jun 23, 2016
MosesNG:
Pls if you can tell me whether the 11bn borrowed by BMB and co wasn't out of other ordinary people's deposits, then you may actually be right but if it happens that the loan amount was from other depositors savings which it is obviously, I wonder what motivates you to support such act. 1 family which u dont belong to (sure of that) destroying the finances of a large number of the ordinary citizen's (where you belong; sure of that too) and ua okay with it. The quality of sense of an average Nigerian beats me!
Thank you sir

Some people's foolishness stinks! They keep supporting evil because of their blind hate for Buhari and sadly these are tongue speaking Christians hating. I wonder what is being preached in churches these days.

They habour so much hatred for the President such that no matter what he does, they will still hate!

I can tell you that man hasn't seen Ben Bruce before.

70 Likes 6 Shares

Re: AMCON To Takeover Ben Murray-Bruce Companies by Abagworo(m): 8:24am On Jun 23, 2016
aieromon:
AMCON has been reactivated to go after the gbese gang. The big dogs get loans from the banks and fail to repay while the rest of the masses will be given a long list of requirements which their ancestors cannot fulfill.

Over to you Senator Bruce. I don't think people visit your cinemas to watch films on credit. Kindly settle your debts.

That is so annoying my brother. A lot of people with good business ideas get frustrated by financial institutions while the super rich get loans even without collateral. How then will the young grow?

39 Likes 5 Shares

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