Senator Ben Murray-Bruce has said the situation, which led the Asset Management Corporation of Nigeria to take possession of Silverbird Galleria today, is being resolved.
AMCON took possession of the Silverbird Galleria in Abuja and Lagos, which houses the Senator’s companies on Thursday morning, denying workers entry into the premises.
The Senator, however, said that with over three decades of operation, Silverbird was bound to encounter challenges, but would overcome them.
“I have been on an international flight and have only just landed. The situation is being resolved and things will be back to normal,” he tweeted.
“In 36 years, Silverbird has grown and like anybody, it will face challenges. Tough times don’t last. But we, as tough people, outlast them.”
www.punchng.com/tough-times-dont-last-silverbirdll-back-murray-bruce/

Now that is a man

God is your strength.

Debtor still posing in pics.....

Uncle Ben we know is witch hunting from buhari

They want to take your business and hand it over to tinubu

We are watching

Taeewo:
Debtor still posing in pics.....

None in your generations both past and present will ever be as great as him.

leave that guy...someone who has never traded in sand calling Bruce a debtor,

shyling:

None in your generations both past and present will ever be as great as him.

shyling:

None in your generations both past and present will ever be as great as him.

Papa Chidi, i can see that u r ?

shyling:

None in your generations both past and present will ever be as great as him.

U r frustrated just because my uncle did not help u secure a job, wic i too understands that u failed in the interview.... Help me greet Chidi and Chinyere....

Taeewo:
Debtor still posing in pics.....

Peasant talking... Dat man can buy ur village and pay ur wretched dad to lick his butt

What doesn't kill you will make you stronger or scare the shìt outta you.

I wish you all the luck

Blizzy9ja:
Peasant talking... Dat man can buy ur village and pay ur wretched dad to lick his butt

Keep the comment coming, while i keep taking mine as joke... But Mama Ngozi, he can't buy my village as am from no man's land as u use to say... God bless u and ur family... U shall continue to prosper in life...

Yes we know that but please go and pay your debt...11B naira no be small money...

5 Facts About AMCON’s Takeover Of Sen. Ben Murray Bruce’s Companies.


Social media is abuzz following a disclosure on Thursday morning that AMCON had been granted a court order to take possession of Silverbird Galleria as well as other businesses belonging to Senator Ben Bruce.

Reactions have trailed the news, with some going as far as to call it a witchhunt while others say the Senator should pay his debts. Before you weigh in, here are some simple things you should know.

The Asset Management Company of Nigeria (AMCON) was set up by Nigeria’s Central Bank in 2010 to forestall an impending financial crisis primarily driven by banks having huge portfolios of bad and non performing loans.

If that is too complex, the simple explanation is that Nigerian banks had lent money to businessmen who didn’t pay back and some of these loans were huge!

To save the financial sector from collapse, AMCON would buy these loans from the Banks at a discount. For example, if Ibrahim was owing N55 billion to First Bank, AMCON might buy that loan from the bank at N30 billion (providing badly needed cash for the bank) and then re-negotiate with Ibrahim on how the loan would be paid.

Senator Ben Murray Bruce is said to have obtained a loan facility from Union Bank a little more than ten years ago and the loan was supposed to have a tenure of two years. Somehow, the common sense Senator was unable to pay back within the period and now AMCON has bought that no performing loan from the bank.

AMCON secured an order from a Federal High Court in Abuja to take over Ben Murray Bruce’s possessions.

Will AMCON close Silverbird Galleria?

No! AMCON will simply appoint a caretaker manager to run Silverbird Galleria in the hopes of making back the amount owed (11 billion), the shops at the Galleria will not be sold if rents are still valid.

Despite all of these, the most likely outcome is that Silverbird Galleria and all Murray Bruce’s other businesses will likely be sold because, truth be told, N11 billion is a lot of money!


http://www.informationng.com/2016/06/5-facts-about-amcons-takeover-of-sen-ben-murray-bruces-companies.html

Tough times don't last but tough debts do

shyling:
Now that is a man

Note carefully that he did not call it Buhari's vendetta. He has blamed no one except his own management team . This is a half Oyinbo man. Contrast this with Fayose- ex taxi driver, ex ponmo seller, ex election rigger and the role model of SE Nigerian youths

Are you owing Union bank or not??

And if you are, are you servicing your debt??

If not, why did you refuse to?

And why do u think AMCON should not take possession of your properties