The Asset Management Corporation of Nigeria (AMCON) on Thursday morning took over the assets of three companies belonging to Senator Ben Murray Bruce.

The companies affected by the takeover are Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited.

AMCON had, by notice of appointment dated April 18 appointed Muiz Banire as Receiver/Manager over the sprawling assets of the three companies located at 133 Ahmadu Bello Way, Victoria Island, Lagos, Plot No 1161 (Silverbird Galleria); Central Area Cadastral Zone AOO, Abuja; and Abonnema Wharf Road and Abali Park in Port Harcourt City of Rivers State.

PREMIUM TIMES had reported, early Thursday, about the intention of AMCON to seize the properties, barring any last-minute change of plans.

The takeover followed the interim orders granted by Justice Cecilia Olatoregun-Ishola of the Federal High Court, Lagos, on June 17 which allowed the Receiver/Manager to take possession of the said properties.

The properties were seen locked up by the agents of the Receiver/Manager in an exercise carried out under the supervision of men of the Nigerian police as directed by the Court order, a copy of which was made available to PREMIUM TIMES.

In the said order, Ben Murray Bruce’s companies are owing AMCON the sum of N11 billion which the companies have defaulted in paying up.

Kunle Adegoke, counsel to the Receiver/Manager, told PREMIUM TIMES that the sealing up of Mr. Bruce’s properties on Thursday had “all the paraphernalia of legality.”

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