Businessman Jimoh Ibrahim has dared the Asset Management Corporation of Nigeria (AMCON) to take over his properties over alleged indebtedness of N50 billion
On Monday, a Federal High Court in Lagos granted an interim injunction to AMCON to take over some assets belonging to Ibrahim, over the debt. Justice Saliu Saidu, who made the order, following an application to that effect by AMCON’s lawyer, Mr. Yusuf Ali (SAN), said the order would subsist until a suit filed by AMCON against Ibrahim and his companies was fully determined.
Reacting to AMCON’s takeover bid, in a personally signed statement, yesterday, Ibrahim said, “AMCON is aware that we keep a deposit of N86 billion or £172 million with Union Bank and AMCOn is aware that application collect the money from the bank is pending before an Ikeja High Court. All these facts have not been disclosed to an innocent court.”
Ibrahim alleged AMCON “deceived Nigerians to believe they got judgment against me when there was nothing like that,” and dared AMCON to execute the order since “it is an interim order that lasts for 14 days.”
Ibrahim also disclosed that he has filed an application to discharge the interim order.