N69.4b debt: Jimoh Ibrahim knows fate on seized assets January 12

A federal High Court in Lagos on Tuesday fixed January 12, 2021 for ruling on an application by businessman Jimoh Ibrahim seeking to lift an interim order through which the Asset Management Corporation of Nigeria (AMCON) seized his properties for an alleged N69.4 billion debt. Justice Rilwan Aikawa fixed the date following arguments from AMCON’s lawyer Kemi Pinheiro (SAN) and counsel to Ibrahim, NICON Investment Limited and Global Fleet Oil and Gas Limited, Adenrele Adegborioye. In their Motion on Notice, Ibrahim and the firms contended that the court granted the seizure order in error because AMCON allegedly concealed material facts

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