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Alleged N69bn debt: Court fixes May 25 to hear AMCON's application | The Guardian Nigeria News - Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News


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The Federal High Court, Abuja, on Monday, fixed May 25 to hear a motion brought by the Asset Management Corporation of Nigeria (AMCON), seeking a stay of execution of orders it granted the businessman, Jimoh Ibrahim, over alleged N69 billion debt.
The new date was fixed following the inability of Justice Okon Abang to preside in today’s proceeding.
The News Agency of Nigeria (NAN) observes that AMCON, through its lawyer, Ade Adedeji, SAN, had indicated to appeal the orders made in favour of Ibrahim and his companies by Justice Abang by filing a motion for stay of execution with suit number: FHC/ABJ/001/2021 before the court. ....

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Jimoh Ibrahim: AMCON heads to Appeal Court over N69.4bn debt


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The Asset Management Corporation of Nigeria said it has filed a notice of appeal at the Court of Appeal, Abuja judicial division, following Justice Okon Abang’s ruling of Tuesday, February 22, 2021, which was unsatisfactory to it.
In a statement on Wednesday titled ‘N69.4bn debt case between AMCON & Jimoh Ibrahim heads to court of appeal’, it said this was in a bid to recover a debt of nearly N70bn owed it by businessman, Jimoh Ibrahim.
Abang presided over the case involving AMCON; NICON Investment Limited (in receivership); Global Fleet Oil & Gas Limited (in receivership); Taiwo Lakanu (appointed receiver of NICON Investment Limited & Global Fleet Oil & Gas Limited and Jimoh Ibrahim; NICON Insurance Limited; Nigeria Re-Insurance Hotels Limited; Abuja International Hotels Limited and NICON Hotels Limited. ....

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