Page 2 - Global Fleet To Union Bank News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Alex Enumah
The Federal High Court, sitting in Abuja, yesterday set aside the interim order through which the Asset Management Corporation of Nigeria (AMCON) seized property belonging to a businessman, Mr. Jimoh Ibrahim, for an alleged N69.4 billion debt.
Justice Okon Abang set aside the order made on January 4, allowing a receiver/manager appointed by AMCON to manage the assets belonging to Ibrahim.
The judge set aside the order on the grounds that AMCON concealed facts relating to the case in order to obtain an interim order in aid of Mr. Taiwo Lakanu, the receiver/manager it purportedly appointed to manage the assets of NICON Investment Limited and Global Fleet Oil and Gas Limited owned by Ibrahim in respect of the debt. ....

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