A Court of Appeal, Lagos Division has dismissed an appeal by the Chairman of Global Fleet Group, Barrister Jimoh Ibrahim, challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his 12 assets and freezing of all his accounts over his alleged N69.4billion debt.
The latest development was contained in a press release issued immediately after the appellate court’s decision by the Head Corporate Communications Department of AMCON, Jude Nwauzor.
Nwauzor described the ruling as ‘another victory for AMCON and the needed good news’ to the recovery drive of the government recovery agency.
The appellate court had upheld the November 18, 2020, order of Justice…
Source: Nigerian Tribune