Features, People, Politics

Did Ben Bruce really buy $5M US property with Union Bank loan?

Silverbird group founder, Senator Ben Murray-Bruce is yet again in the news for the wrong reasons following allegations that he used the loan he obtained from Union Bank of Nigeria to purchase a property in Beverly Hills.

His companies were seized recently by the Asset Management Corporation of Nigeria (AMCON) for failing to repay almost N11 billion he took from Union Bank around 2007 and bought by AMCON in 2011 to save the bank from collapse.

The common sense Senator is now alleged to have used the funds to purchase a luxurious property in the Beverly Hills area of Los Angeles and London instead of funding the Abuja Entertainment Center for which he secured the loans.

The Senator is being mocked on Social media, especially Twitter for his perceived hypocrisy in the wake of his constant criticism of the use and importation of foreign goods, with his popular hashtag #BuyNaijaToGrowTheNaira.

The Los Angeles County Property Assessor’s Office, the Real Estate Records office, and the Special Investigation unit reportedly confirmed that the property located at 605 North Camden Drive, Beverly Hills, CA 90210 was purchased a on August 6th, 2007 by Senator Murray-Bruce.

The picture of a bond receipt document that confirmed Mr. Murray-Bruce’s ownership has been made public; Mrs. Albright who was a board member of a company, Dream Magic Studios LLC is also linked in the investigation.

Mr. Murray-Bruce has kept mute on the matter.

– Seyifunmi Adebote for encomium.ng


Related Stories:



About the Author