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I will overcome AMCON challenges – Ben Murray-Bruce


Senator Ben Murray-Bruce has reacted to the seizure of his companies’ assets by the Asset Management Corporation of Nigeria (AMCON).

Fullscreen capture 6232016 13716 PMAMCON took over his three companies’ assets today (June 23, 2016) for his failure to settle a loan of over N10 billion owed Union Bank and acquired by AMCON.

The companies, Silverbird Productions Limited, Silverbird Showtime Limited and Silverbird Galleria Limited had between 2005 and 2007 borrowed various sums of money from Union Bank but as they repeatedly defaulted in paying back, AMCON purchased the loan in 2011 to save the bank from collapsing.

Reacting on social media, the senator tweeted that the situation was being resolved and things will be back to normal.

  • Daniel Fayemi for

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