(Photo)AMCON takes over Ben-Bruce's Silverbird Galleria over failure to repay N11b loan | This Is Miss Petite Nigeria Blog

Thursday, 23 June 2016

(Photo)AMCON takes over Ben-Bruce's Silverbird Galleria over failure to repay N11b loan

 Senator Ben-Murray Bruce 's Silverbird Galleria has been taken over by  the Asset Management Corporation of Nigeria(AMCON) over failure to repay an 11 billion loan.
The popular mini mall belonging to Ben Murray Bruce was repossessed this morning, following a court order. The order allows AMCON to take over three of the politician’s assets – Silverbird Productions Limited, Silverbird Showtime Limited and Silverbird Galleria Limited – due to failure to settle the N11 billion loan.


Ben Murray-Bruce, his brothers, Guy Murray-Bruce, Michael Murray-Bruce, Roy Murray-Bruce and his son Jonathan Murray-Bruce are listed as defendants in a suit over the loan default.
Mr. Murray Bruce and his brothers, using their companies, had between 2005 and 2007 borrowed various sums of money from Union Bank.
After they repeatedly defaulted in paying back, AMCON purchased the loan in 2011 to save the bank from collapsing. AMCON is now seizing the assets as the loans are still unpaid, 5 years later.

The properties include those at 133, Ahmadu Bello Way, Victoria Island, Lagos, Plot No 1161 (Silverbird Galleria), the plaza at Central Area Cadastral Zone, Abuja, and the magnificent structure located at Abonnema Wharf Road and Abali Park in Port Harcourt.

Checkout the court papers below





8 comments:

  1. Hehehehehee....this is not good. I guess they'll settle

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  2. hrm paul ojeih23 June 2016 at 08:43

    Lol all of dem no pure at all from fayose to obanikoro to buruji d drug guy to saraki dey all av cases to answer God will judge them All of them greedy corrupt politicians. They have plundered dis country If a common man with good business idea goes to d bank they won't grant loan but a corrupt politician gets loan left right and centre wat a country

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  3. Lolzz they should all run to join APC now.. this fight against d opposition party is too glaring!

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    Replies
    1. You are a pretty girl and I have always admired you, I have never found any reason to think that you are like those illiterate, bleached uneducated Edo girls on the street, but now I have just found one and from today I lost my respect and admiration for you because of this your silly and dumb comment. It shows that everything about you na package, no common sense.

      Please your phone is not only to take filtered picture, you can also use it to get information only and be informed. Please go and read about AMCON (Asset Management Corporation of Nigeria). Its a government agency not owned be Buhari, Tinubu or APC.

      And for your information, Mr Ben Bruce has acknowledge the situation and he did not say it was political, he know he took the loan and said that the situation is being resolved.

      Delete
  4. talk no more,this is all about common sense,murray knew it was a bad investment,and settled for politic's.

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  5. He's completely finished... Talkative!

    ReplyDelete



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