It’s just common sense to pay your debt.
AMCON, The Asset Management Corporation of Nigeria this morning took over all the assets of several companies belonging to Senator Ben Murray- Bruce. The companies to be affected by this are Silverbird Galleria Limited, Silverbird Promotions Limited and Silverbird Showtime Limited.
To save you the stress of reading a lot of legal jargon, here is the gist.
Murray-Bruce borrowed several sums of money from the Union Bank of Nigeria Plc using these companies in 2005 and 2007. Since then, he has defaulted in paying back the money he owes which is estimated to be around 11 billion Naira.
“The said loan was purchased by AMCON in 2011 after the capital base of Union Bank was terribly shaky and the common sense senator has persistently failed to pay the loans and yet has been pretending to be concerned with the welfare of Nigerians whom he has been skinning alive in order to remain relevant and live like a king,” Adegoke said to SaharaReporters.
Mr. Adegoke who is counsel to Dr. Muiz Banire (SAN), the receiver/manager over the assets as appointed by AMCON, was part of the agents who ensured the affected companies were shut down earlier this morning as a result of the court order.
“The exercise of this morning has all the paraphernalia of legality. Aside from the fact that the receivership was done pursuant to deeds of legal mortgages duly executed by the three companies and guaranteed by Ben Murray-Bruce and four of his brothers, there is a court order backing same up.
"It must be borne in mind that innocent depositors’ money is what the common sense propagator and his brothers have been living large and feeding fat upon without recourse to the interest of the real labourers who own the money,” Adegoke said.
With that rusty old place locked down for good, I guess it’s hello FilmHouse.