Top Nigerian mall belonging to opposition MP shut over debt

2016-06-24 13:55

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Abuja - Nigeria's Asset Management Corporation (AMCON) has sealed off a top mall in the heart of the country's capital Abuja.

The Silverbird Galleria, a property owned by opposition member, Senator Ben Murray-Bruce, was shut down owing to an alleged N10bn loan taken out by the politician.

The Silverbird Galleria buildings in Abuja, Lagos and Port Harcourt, which housed cinema theatres, television and radio stations of the brand has been rendered non-operational since the seizure on Thursday.

According to a statement by the Head of Corporate Communications of AMCON, Jude Nwauzor, the sealing off of the properties followed a court injunction by the Federal High Court Lagos Division on Friday June 17, 2016.

It said that the court "granted interim injunction against Silverbird Productions Limited, Silverbird Showtime Limited, Silverbird Galleria Limited and Senator Ben Murray-Bruce, Guy Murray-Bruce, Roy Murray-Bruce and Janthan Murray-Bruce on the application of AMCON.

Justice CMA Olatoregun, while granting the order, restrained the Senator and other obligors from challenging, interfering with or otherwise obstructing or frustrating the Receiver appointed by AMCON over the fixed and floating assets of the listed companies belonging to the Murray-Bruce family.

Senator Murray-Bruce took to his Twitter page in reaction to the matter, claiming that the situation was already being resolved.

Read more on:    amcon  |  ben murray-bruce  |  nigeria  |  western africa

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.