It said Ibrahim was challenging the seizure of 12 of his assets by AMCON, and freezing of all his accounts over his alleged N69.4bn debt.
According to the statement by AMCON, “”The judges upheld the arguments of AMCON’s lead counsel Mr Kemi Pinheiro, a Senior Advocate of Nigeria. Pinheiro had prayed the court to dismiss Ibrahim’s application. Ibrahim who is now a senator-elect the who will be serving in the 10th Senate of the Federal Republic of Nigeria, and his company were also represented by two Senior Adcocates of Nigeria SANs, Mr Niyi Akintola and Mr Bolaji Ayorinde, respectively.
“In response to the order of Justice Rilwan Aikawa of the Federal High Court in Lagos, which was issued on November 18, 2020, AMCON took possession of all 12 properties through its Debt Recovery Agent – Pinheiro Legal Partners. “These assets include the building of NICON Investment Limited at Plot 242, Muhammadu Buhari Way, Central Business District, Abuja; NICON Hotels Limited building at Plot 557, Port-Harcourt Crescent, off Gimbiya Street, Abuja, and the building of NICON Lekki Limited also at No. 5, Customs Street, Lagos.”All rights reserved.
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