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₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets (24796 Views)

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₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Akumoney(m): 9:18pm On Nov 18
The Asset Management Corporation of Nigeria (AMCON) has taken over 12 “prime assets” belonging to the Chairman of Global Fleet Group, Jimoh Ibrahim, and had his accounts frozen over a N69.4 billion debt.

This followed an order by Justice R.M. Aikawa of the Federal High Court in Lagos, according to a statement by the Head of Corporate Communication at AMCON, Jude Nwauzor.

Based on the order of the court, AMCON took possession of top properties belonging to the businessman on Wednesday, through its debt recovery agent – Pinheiro Legal Partners.

Nwauzor said AMCON took over all the assets listed by the court and scattered around Abuja and Lagos on Wednesday with the help of court bailiffs and officers and men of the Nigerian police as mandated by the court.

The properties include the NICON Investment Limited building at Plot 242, Muhammadu Buhari Way, Central Business District, Abuja; NICON Hotels Limited building at Plot 557, Port-Harcourt Crescent, off Gimbiya Street, Abuja; and the NICON Lekki Limited building at No. 5, Customs Street, Lagos.

Others are Abuja International Hotels Limited building located at No. 3, Hospital Road, Lagos; another property at Plot 242, Muhammadu Buhari Way, Abuja; the former Allied Bank building on Mile 2, Oshodi Express Way, Apapa Road, Lagos; Energy House located on No. 94, Awolowo Road, Ikoyi, Lagos; NICON Building at No. 40, Madeira Street, Maitama, Abuja; a Residential Apartment at Road 2, House A14, Victoria Garden City, Lagos; NICON Hotels building at Plot 3, Road 3, Victoria Garden City, Lagos; as well as the NICON Luxury Hotel’s building, Garki I, FCT, Abuja.

Apart from the buildings, the court also ordered the freezing of all accounts belonging to Barrister Jimoh Ibrahim and his companies including Global Fleet Oil & Gas Limited and NICON Investment Limited all of who are defendants in Suit No. FHL/L/CL/776/2016 presided over by Justice Aikawa on Wednesday, November 4, 2020.


In addition, the court granted AMCON possession over all shares belonging to Ibrahim and his two companies that are domiciled in Nigerian Re-Insurance Company Plc, NICON Insurance Company Plc, Nigeria Stockbrokers Limited (NSL), and NICON Trustees Limited.

Nwauzor said the assets were taken over without incident.
https://www.channelstv.com/2020/11/18/n69-4bn-debt-amcon-takes-over-jimoh-ibrahims-assets/amp/?__twitter_impression=true

6 Likes 1 Share

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Baawaa(m): 9:25pm On Nov 18
70 billions naira debts that is three much

42 Likes 3 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by NwaNimo1(m): 9:27pm On Nov 18
About time....

35 Likes 2 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by BERNIMOORE: 9:29pm On Nov 18
Baawaa:
70 billions naira debts that is three much
Greed..he keeps piling up wealth with poor management

95 Likes 7 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by thebosstrevor1: 9:30pm On Nov 18
This one is a chronic debtor na everyday dem dey cease him asset.

Who is even lending him money. That bank will go bankrupt if they continue business with him.

65 Likes 2 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by TooMuchStuff: 9:33pm On Nov 18
Used and dumped by BuhariApc as usual. There's no end in sight for Southern useful idiots who are ready to do the bidding of Fulanis in power.
Jimoh was used to frustrate Jegede PDP ticket in Ondo2016. Used again last month and dumped this month November because he's of no political value anymore.
Enter David Umahi of Ebonyi today. He too will end in tears like Oshiomole is currently doing in Edo.
Until the whole South unite to face Fulanis trick to tricks, brutality to brutality, gun to gun and men to men.... We would continue to be slaves in our own resources and land down south

85 Likes 9 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Golan007: 9:46pm On Nov 18
TooMuchStuff:
Used and dumped by BuhariApc as usual. There's no end in sight for Southern useful idiots who are ready to do the bidding of Fulanis in power.
Jimoh was used to frustrate Jegede PDP ticket in Ondo2016. Used again last month and dumped this month November because he's of no political value anymore.
Enter David Umahi of Ebonyi today. He too will end in tears like Oshiomole is currently doing in Edo.
Until the whole South unite to face Fulanis trick to tricks, brutality to brutality, gun to gun and men to men.... We would continue to be slaves in our own resources and land down south


Too much rubbish.

80 Likes 6 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by TooMuchStuff: 9:48pm On Nov 18
Golan007:
[s][/s]

Too much rubbish.
Ka. Ci. Ubanka.

3 Likes 1 Share

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Dedetwo(m): 9:56pm On Nov 18
Barrister Jimoh Ibrahim was one of the richest in Nigeria and the pride son of Oduduwa. It is funny he is now addressed as Barrister Jimoh Ibrahim instead of billionaire Jimoh Ibrahim. Nigeria is a really shithole. grin grin

17 Likes 1 Share

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by AndroBlaze: 11:11pm On Nov 18
TooMuchStuff:
Used and dumped by BuhariApc as usual. There's no end in sight for Southern useful idiots who are ready to do the bidding of Fulanis in power.
Jimoh was used to frustrate Jegede PDP ticket in Ondo2016. Used again last month and dumped this month November because he's of no political value anymore.
Enter David Umahi of Ebonyi today. He too will end in tears like Oshiomole is currently doing in Edo.
Until the whole South unite to face Fulanis trick to tricks, brutality to brutality, gun to gun and men to men.... We would continue to be slaves in our own resources and land down south

Yes, it must be true, it must have been Buhari's APC that sold this penniless nobody all those government assets almost 20 years ago!!

Probably more useful southern idiots here on nairaland.

31 Likes 4 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by thatsleepboy1(m): 11:13pm On Nov 18
This is an expensive joke. Our honourable Billionaire's assets seized by AMCON? That's bullshit. Let him be addressed as a billionaire or else....... He our next gominor of Ondo state whether you like it or not.

3 Likes

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Rugaria: 11:22pm On Nov 18
Jimoh is a 419er per excellence; Set up a company, borrow from different banks with the company's assets, elope with much of the borrowed funds and leave AMCOM to clean up your mess. Wait for some months, then repeat the same routine! That guy should be arrested and stopped from accessing any bank loan again. Together with Oba Otudeko, and the one at Skybank or so

48 Likes 4 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by TooMuchStuff: 12:08am On Nov 19
AndroBlaze:


Yes, it must be true, it must have been Buhari's APC that sold this penniless nobody all those government assets almost 20 years ago!!

Probably more useful southern idiots here on nairaland.
Gerrarahia....mehn

2 Likes

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by juman(m): 12:21am On Nov 19
Many "rich" people like him in nigeria.

They are owning AMCON tens of billions of naira, yet they still using private jet.
One nigeria is a fraud.

26 Likes 1 Share

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Ceenelly(m): 3:15am On Nov 19
OK
That one dey
Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Sysdatek: 3:21am On Nov 19
Our billionaire are far from innovative


Just using name and connection to borrow billio s that they cant manage

Rest like dangote are using monopoly and govt influence to remain relevant

Billionaires in advance countries have real products and solutions and compete in a fair market.

Some invest in innovative start ups and make more monry

67 Likes 6 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by donestk(m): 3:27am On Nov 19
I remember him back then in Tell Magazine as 'billionanaire Jimoh Ibrahim', an insurance mogul

10 Likes 1 Share

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Sarmiz24(m): 3:28am On Nov 19
Thousandnaire

4 Likes

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by zeusdgrt(m): 3:28am On Nov 19
Normal level
Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by ipobarethieves: 3:32am On Nov 19
sad Since angry
Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by owolabi5: 3:33am On Nov 19
CarPapers.com.ng
Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Yankee101: 3:34am On Nov 19
Why would you allow one man rack up all these debt and you can't give N1m for the youth to start a business?

25 Likes 5 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by ophilly: 3:40am On Nov 19
I have always said it that this man has little or no business acumen he is always bragging about, most of those businesses are already bankrupt. He only had a lucky break initially.

13 Likes

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Alejobs: 3:40am On Nov 19
Sad
Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Nijagogetsense: 3:45am On Nov 19
Don't fall for these stories. The media will only sell you story they want you to believe. Always realise real lies in a story. Is Jimoh Ibrahim the only debtor in zoogeria, what about others? Most zoogerians always fall for cheap trick simply because they are products of an academic institutions designed to fail. #The miseducation of a zoogerian
Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by nautybride: 3:45am On Nov 19
So the bad economy is affecting all including billionaires. cry

4 Likes

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Omihanifa: 3:49am On Nov 19
Jimoh Ibrahim is just a crook undecided

Someone that collected aviation BAILOUT from federal government and used the money to setup a bank in ghana & São Tomé and Príncipe

It's now that Amcon is just waking up undecided somebody that has successfully moved all his investment abroad grin

He has hotels in Dubai and London ( and UAE even gave him the status of an investor due to the quantum of investment he made over there)

35 Likes 3 Shares

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by akilo1: 3:59am On Nov 19
Abeg how to i borrow money from amcon
Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Coronavirus1: 4:02am On Nov 19
media trial wait for the real news.
Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Ademoore07(m): 4:05am On Nov 19
Very foolish crook. He decamped to APC for a soft landing b4 the state guber.

4 Likes 1 Share

Re: ₦69.4 Billion Debt: AMCON Takes Over Jimoh Ibrahim’s Assets by Jazzafizzy(f): 4:06am On Nov 19
Na the people wen get nija be that oo

4 Likes

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