A determined bid by the Chairman of International Fleet Group, Jimoh Ibrahim to get better belongings and cash seized by the Asset Administration Company of Nigeria (AMCON) has failed.
This comes after he misplaced an enchantment difficult seizure of his 12 belongings and freezing of all his accounts.
Previous to the latest ruling, Justice Rilwan Aikawa of the Federal Excessive Court docket, Lagos had issued an order authorizing AMCON to take over Ibrahim's belongings over an alleged N69.4billion money owed.
A few of the belongings seized by AMCON embody constructing of NICON Funding Restricted at Plot 242, Muhammadu Buhari Means, Central Enterprise District, Abuja; NICON Resorts Restricted constructing at Plot 557, Port-Harcourt Crescent, off Gimbiya Road, Abuja and the constructing of NICON Lekki Restricted additionally at No. 5, Customs Road, Lagos.
Different properties are the constructing of Abuja Worldwide Resorts Restricted positioned at No. 3, Hospital Street, Lagos; one other Property at Plot 242, Muhammadu Buhari Means, Abuja; the previous Allied Financial institution Constructing on Mile 2, Oshodi Specific Means, Apapa Street, Lagos; Vitality Home positioned on No. 94, Awolowo Street, Ikoyi, Lagos; NICON Constructing at No. 40, Madeira Road, Maitama, Abuja; a Residential Residence at Street 2, Home A14, Victoria Backyard Metropolis, Lagos; NICON Resorts Constructing at Plot 3, Street 3, Victoria Backyard Metropolis, Lagos in addition to the NICON Luxurious Resort's Constructing, Garki I, FCT, Abuja.
The courtroom had additionally ordered the freezing of all accounts belonging to Ibrahim and his firms together with International Fleet Oil & Fuel Restricted and NICON Funding Restricted all of whom are defendants within the go well with No. FHL/L/CL/776/2016.
The Court docket of Enchantment in Lagos on Friday December 10, dismissed two appeals by the Chairman of International Fleet Group, Jimoh Ibrahim and companies linked to him difficult the Asset Administration Company of Nigeria (AMCON)'s seizure of his belongings and freezing of all his accounts over his alleged N69.4billion debt.