Court Orders AMCON To Take Over Jimoh Ibrahim’s Assets

Jimoh Ibrahim
Jimoh Ibrahim

The Asset Management Corporation of Nigeria has secured an interim injunction from a Federal High Court in Lagos to take over possession of assets belonging to businessman, Jimoh Ibrahim.

AMCON dragged Jimoh Ibrahim to court over several debts by his companies- NICON Investment Limited, Global Fleet Oil and Gas Limited, Nigeria Re-Insurance Company Plc, NICON Insurance Company Plc, Nigeria Stockbrokers Limited and NICON Trustees Limited– which amount to an estimated N50 billion.

The Court also granted an injunction preventing Jimoh Ibrahim and all his companies from making withdrawals from any of the accounts of all the listed companies.

The injunction would subsist until the determination of a suit filed by AMCON against Jimoh Ibrahim and his companies.

 

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