The Asset Management Corporation of Nigeria (AMCON) on Wednesday took over twelve assets and all bank accounts belonging to Jimoh Ibrahim, the Chairman of Global Fleet Group, over N69.4 billion debt.
The action was in pursuant to an order issued by Justice R.M. Aikawa of a Federal High Court, in Lagos.
The asset management through its debt recovery agent, Pinheiro Legal Partners, took possession of all 12 properties, including 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.