AMCON Takes Over Silverbird Galleria Over N11bn Debt

Ben Murray BruceThe Assets Management Company of Nigeria, AMCON, has reportedly been granted an ex parte motion by a Federal High Court sitting in Lagos to take over companies owned by senator representing Bayelsa East, Ben Murray-Bruce and his family members.

SEE ALSO: AMCON Takes Over Jimoh Ibrahim’s Properties

The companies, which operate under the Silverbird brand, were said to have defaulted in the repayment of N11billion loan to banks.

AMCON subsequently approached a federal court, which granted the order to take over the companies and other properties on Thursday.

See court papers granting the order for AMCON to take over Silverbird Productions Limited, Silverbird Showtime Limited and Silverbird Galleria Limited:
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As at the time of publishing this report, Senator Murray-Bruce is yet to react to the reported takeover of his companies by AMCON.

***UPDATE***
Sen. Murray-Bruce, who is chairman of the Silverbird Group, eventually reacted to the takeover of his companies and other assets by AMCON, saying the surrounding issues will be resolved as soon as possible.

He reacted via his twitter handle, @MurrayBenBruce.

According to the ‘common sense’ senator, “I have been on an international flight and have only just landed. The situation is being resolved and things will be back to normal”.

“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”, he further tweeted Thursday afternoon.

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