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N50bn debt: Jimoh Ibrahim dares AMCON to touch his properties



The Group Chairman of NICON Investment Limited, Mr. Jimoh Ibrahim, Tuesday, reacted strongly to the interim asset seizure order made by a Federal High Court sitting in Lagos, vowing that nobody in Nigeria can seize his properties.

It would be recalled that the Asset Management  Corporation of Nigerian, AMCON had approached the court and obtained the order over Ibrahim’s indebtedness to it to the tune of N50 billion.

The court ordered that Ibrahim’s assets be taken over while also freezing the companies’ bank accounts pending the determination of the substantial issue.

However, the businessman, in a statement, faulted AMCON’s action, accusing the corporation of spreading lies.

Read also: AMCON takes over Jimoh Ibrahim’s firms over N50bn debt

The statement reads:  ‘’My attention has been directed to lies being spread around by an institution called  AMCON over an interim order of injunction she had lied to collect before an innocent Federal High Court in Lagos.

‘’AMCON is aware that we keep a deposit of Eighty-Six billion Naira or 172 million pounds with Union Bank and AMCON is aware that application to collect the money from Union Bank is pending before an Ikeja High Court. All of these facts, it has not disclosed to an innocent Federal High Court.

‘’AMCON deceived Nigerians to believe that they got judgement against me when there was nothing like that. An interim order of any court lasts for 14 days. AMCON is executing the interim order even when the Judge has not signed the execution writ.

‘’We have since filed an application to discharge the interim order. I’m not in the category of people that AMCON or anybody can intimidate. It is laughable and a wide ambition to say anyone in Nigeria can seize my property! What a day dream!!

‘’We shall abide with the law and any interim order of court even when they are  made in error as we are not far away from justice”, the statement read

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