Tuesday 21 June 2016

N50b debt: AMCON lied - Jimoh Ibrahim

The Group Chairman of NICON Investment Limited, Mr. Jimoh Ibrahim has reacted to reports that a Federal High Court has granted the Assets Management Company of Nigeria, AMCON an interim order to take over his assets over his N50b indebtedness to the company.

In a statement he issued on Tuesday, Ibrahim said that AMCON lied to the court to secure the order.

‘’My attention has been directed to lies being spread around by an institution called AMCON over an interim order of injunction she had lied to collect before an innocent Federal High Court in Lagos.

‘’AMCON is aware that we kept a deposit of Eighty-Six billion Naira or 172 million pounds with Union Bank and AMCON is aware that application to collect the money from Union Bank is pending before an Ikeja High Court. All of these facts, it has not disclosed to an innocent Federal High Court.

‘’AMCON deceived Nigerians to believe that they got judgement against me when there was nothing like that. An interim order of any court lasts for 14 days. AMCON is executing the interim order even when the Judge has not signed the execution writ.

‘’We have since filed an application to discharge the interim order. I'm not in the category of people that AMCON or anybody can intimidate. It is laughable and a wild ambition to say anyone in Nigeria can seize my property! What a day dream!!

‘’We shall abide with the law and any interim order of court even when they are made in error as we are not far away from justice.’’

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