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Home NEWS News Jimoh Ibrahim's Properties, Accounts Frozen By AMCON Over Debt

Jimoh Ibrahim’s Properties, Accounts Frozen By AMCON Over Debt

Assets belonging to Jimoh Ibrahim, Chairman of Global Fleet Group have been confisticated by the  Asset Management Corporation of Nigeria (AMCON) who also froze his accounts. 

The incident reportedly took place on Wednesday, November 18 where AMCON took possession of 12 properties through its Debt Recovery Agent,  Pinheiro Legal Partners, pursuant to an order issued by Justice R.M. Aikawa of a Federal High Court, in Lagos over the N69.4bn debt Jimoh reportedly owes. 

The properties taken include;

The building of NICON Investment Limited at Plot 242, Muhammadu Buhari Way, Central Business District, Abuja; NICON Hotels Limited building at Plot 557, Port-Harcourt Crescent, off Gimbiya Street, Abuja and the building of NICON Lekki Limited also at No. 5, Customs Street, Lagos.

Others are; The building of Abuja International Hotels Limited located at No. 3, Hospital Road, Lagos; another Property at Plot 242, Muhammadu Buhari Way, Abuja; the former Allied Bank Building on Mile 2, Oshodi Express Way, Apapa Road, Lagos; Energy House located on No. 94, Awolowo Road, Ikoyi, Lagos; NICON Building at No. 40, Madeira Street, Maitama, Abuja; a Residential Apartment at Road 2, House A14, Victoria Garden City, Lagos; NICON Hotels Building at Plot 3, Road 3, Victoria Garden City, Lagos as well as the NICON Luxury Hotel’s Building, Garki I, FCT, Abuja.

Speaking on the development, Jude Nwauzor, AMCON’s Spokesperson said they succeeded in taking possession of the properties by the help of officers and men of the Nigerian police, court bailiffs as mandated by the court.

Jimoh’s accounts which were frozen include; Global Fleet Oil & Gas Limited and NICON Investment Limited.

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