N69.4b ‘Debt: Jimoh Ibrahim loses bid to recover assets, accounts

The Court of Appeal in Lagos on Friday dismissed an appeal by the Chairman of Global Fleet Group, Jimoh Ibrahim, challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his 12 assets and freezing of all his accounts over his alleged N69.4billion debt. The appellate court upheld the November 18, 2020 order of Justice Rilwan Aikawa of the Federal High Court authorising AMCON to take over Ibrahim’s assets. The justices upheld the arguments of AMCON’s lead counsel, Dr Kemi Pinheiro (SAN), who prayed the court to dismiss Ibrahim’s application, for want of merit. Chief Niyi Akintola (SAN), is Ibrahim’s

By |December 10th, 2021|Categories: News|Tags: , |0 Comments
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