AMCON Takes Over Ben Bruce's Silverbird Galleria Over N11bn Debt

Sen. Ben Bruce

The Assets Management Company of Nigeria, AMCON, has reportedly been granted an ex parte motion by a Federal High Court sitting in Lagos to take over companies owned by senator representing Bayelsa East, Ben Murray-Bruce and his family members.

The companies, which operate under the Silverbird brand, were said to have defaulted in the repayment of N11billion loan to banks.

AMCON subsequently approached a federal court, which granted the order to take over the companies on Thursday. See court papers granting the order for AMCON to take over Silverbird Productions Limited, Silverbird Showtime Limited and Silverbird Galleria Limited:

As at the time of publishing this report, Senator Murray-Bruce is yet to react to the reported takeover of his companies by AMCON.