Senator Ben Murray-Bruce, one of the celebrated
critics of the Buhari administration, on Thursday
lost a chain of his businesses to the Asset
Management Company of Nigeria (AMCON).
The businesses which assets were seized are
Silverbird Galleria Limited, Silverbird Promotions
Limited, and Silverbird Showtime Limited.
The companies which have grown to become
entertainment hubs, are said to be owing
AMCON a whopping sum of N11 billion. AMCON
alleges that between 2005 and 2007, the said
companies had borrowed various sums of money
from Union Bank which they failed to service.
The assets are situated 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.
The seizures were not unexpected as there had
been an interim order granted by Justice Cecilia
Olatoregun-Ishola of the Federal High Court,
Lagos, on June 17 empowering a Receiver/
Manager, Muiz Banire, a three-time
Commissioner in Lagos State and National Legal
Adviser of APC, to take possession of the said
Ben Murray-Bruce is the second high-profile
Peoples Democratic Party (PDP) corporate
chieftain whose business had run into troubled
waters and its assets seized by AMCON. Earlier
in the week, Barrister Jimoh Ibrahim of the
Global Fleet fame lost a sizeable portion of his
business empire also to AMCON over failure to
redeem a N35.5 billion debt.