Tuesday, 21 June 2016
Court Orders AMCON Interim Injunction To Take Over Billionaire Jimoh Ibrahim’s Assets Over N50bn Debt
A Federal High Court in Lagos has granted an interim injunction to Asset Management Corporation of Nigeria (AMCON) to take over Nigerian billionaire, Jimoh Ibrahim’s assets over an alleged N50bn debt.
This judgement was passed by Justice Saliu Saidu following an application by AMCON that NICON Investment Limited, Global Fleet Oil and Gas Limited and Ibrahim were indebted to it to the tune of over N50bn, resulting in “protracted negotiations and court battles.”
Some of the assets to be taken over include Nigeria Re-Insurance Company Plc, NICON Insurance Company Plc, Nigeria Stockbrokers Limited and NICON Trustees Limited NICON Investment Limited and Global Fleet Oil and Gas Limited as well as luxurious homes in Lagos, Abuja and Dubai.
Justice Saidu was reported to have restrained the billionaire and the companies from making any withdrawal from all their known bank accounts pending the determination of the suit by AMCON.
Beautiful Miss Tourism Nigeria Contestant, Maureen Onu Dies At 20
Less than a month to the 2016 edition of the Miss Torism Nigeria Beauty pageant, one of its contestants,20-year-old Miss Maureen Onu, has died.
Miss Onu, who was billed to represent Ebonyi state at the competition on July 9th, reportedly died on Thursday June 16th after a brief illness.
The organizers of the beauty pageant have said they would redesign the content and production of the show and dedicate the show to the memory of Maureen.
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