The Assets Management Corporation of Nigeria (AMCON), has taken over 12 prime assets belonging to Barrister Jimoh Ibrahim, over indebtedness of nearly N70 billion.
Ibrahim is the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited in Lagos and Abuja.
The development was in compliance to an order given by Honourable Justice R.M. Aikawa of the Federal High Court, Lagos Division who okayed the seizure through AMCON’s Debt Recovery Agent – Pinheiro Legal Partners.
The seized properties include NICON Investment Limited building at Central Business District, Abuja; NICON Hotels Ltd building at Port-Harcourt Crescent, Abuja and the building of NICON Lekki Ltd, Lagos.
Others are the building of Abuja International Hotels Limited in Lagos; another Property in Abuja; the former Allied Bank Building in Lagos; Energy House at Ikoyi, Lagos; NICON Building at Maitama, Abuja; a residential apartment at Victoria Garden City, Lagos; NICON Hotels Building, Victoria Garden City, Lagos, as well as the NICON Luxury Hotel’s Building in Garki I, Abuja.
The court also ordered the freezing of all accounts belonging to Ibrahim and his companies including Global Fleet Oil & Gas Ltd and NICON Investment Ltd.
