pulseNews | Senator to lose Silverbird cinemas over N11bn debt

The Asset Management Corporation Of Nigeria, AMCON, has gotten an order by a Federal High Court in Lagos, Nigeria to take over Ben Murray Bruce owned Silverbird Cinemas.

According to a tweet by SaharaReporters, the court has granted AMCON an order to take over companies owned by 'common sense' legislator for owing N11bn.

It was further reported that Senator Murray-Bruce and his business family members have defaulted in the repayment of N11b loan to AMCON, hence, the order by the court to take over the companies, which is led by the Silverbird Cinemas.

 
Silverbird Galleria, home to SilverbirdCinemas
(aboutlagos)

It should be noted that AMCON recently got a court order to take over the properties of business mogul, Jimoh Ibrahim after he defaulted in paying back a loan of N50bn.