Jimoh Ibrahim Calls AMCON’s bid to Seize N50bn Property a Joke

Billionaire Jimoh Ibrahim who is the group chairman of NICON Investment Limited on Tuesday reacted to reports indicating that the Assets Management Corporation of Nigeria (AMCON) had secured a court order to seize his assets worth N50 billion.

The NICON boss in a statement on Tuesday mocked AMCON’s attempts to enforce the interim judgment given by the Federal High Court in Lagos, which according to Mr Ibrahim, was not availed all the relevant facts of the matter and was therefore “innocent” according to Vanguard reports.

Ibrahim said:

“AMCON is aware that we keep 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 last 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 wide 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.’’