The Asset Management Corporation of Nigeria on Thursday said the Court of Appeal, Lagos State Division, has dismissed an appeal brought before it by the Chairman of Global Fleet Group, Jimoh Ibrahim.
It said Ibrahim was challenging the seizure of 12 of his assets by AMCON, and freezing of all his accounts over his alleged N69.4bn debt.
Reacting to the statement by AMCON titled ‘Senator-Elect, Jimoh Ibrahim loses appeal to recover assets seized by AMCON, unfreeze bank accounts over N69.4bn debt owed’, Ibrahim described the statement as a fake news.
“Fake release, we actually won at the court of appeal. It was AMCON that appealed to Supreme Court,” he said after sending a court order.
- Nigeria can pay back its debts in 90 days — Jimoh Ibrahim
- Tinubu will turn Nigeria’s economy around, says Jimoh Ibrahim
- FG must recover N4tn AMCON debt
According to the statement by AMCON, “”The judges upheld the arguments of AMCON’s lead counsel Mr Kemi Pinheiro, a Senior Advocate of Nigeria. Pinheiro had prayed the court to dismiss Ibrahim’s application. Ibrahim who is now a senator-elect the (first defendant) who will be serving in the 10th Senate of the Federal Republic of Nigeria, and his company (second defendant) were also represented by two Senior Adcocates of Nigeria SANs, Mr Niyi Akintola and Mr Bolaji Ayorinde, respectively.
“In response to the order of Justice Rilwan Aikawa of the Federal High Court in Lagos, which was issued on November 18, 2020, AMCON took possession of all 12 properties through its Debt Recovery Agent – Pinheiro Legal Partners.
“These assets include the building of NICON Investment Limited 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 building of NICON Lekki Limited also at No. 5, Customs Street, Lagos.”
,
Key ‘battles’ in Champions League final
,
INEC, APC oppose LP’s request to quiz IT experts
,
800 petrol tankers converted to supply gas – Marketers
,
Enugu gov meets Tinubu over Kanu, restates sit-at-home ban
,
Nigeria, others slow Africa’s GDP growth by 65% – Report
,
Reps step down N543.6bn judgment debt payment
,
I will prove critics wrong, says Osun 38-year-old speaker
,
Iya Gbonkan receives brand new car from UK-based movie promoter
,
