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NEWS UPDATE: Alleged N69bn debt: Court fixes Jan 24 for AMCON’s suit against Jimoh Ibrahim

NEWS UPDATE: Alleged N69bn debt: Court fixes Jan 24 for AMCON’s suit against Jimoh Ibrahim

A Federal High Judicature in Abuja has fixed Jan 24, 2022 for a suit filed by the Asset Direction Corporation of Nigeria (AMCON) for a remain of execution of orders granted Jimoh Ibrahim over alleged N69billion debt.

On Monday, Justice Okon Abang fixed the date after AMCON’s asking for reconsideration of the Judicature of Appeal verdict.

The adjourned date would either be to name the suit or abide by the choice of the Judicature of Appeal.

NAN reports that AMCON was not in tribunal spell Ibrahim was represented by Oladele Oyelami, who held brief for Adeniyi Akintola (SAN).

Oyelami told the tribunal that the matter was slated for hearing the notice of appeal served on the defence on September 30 by AMCON.

AMCON, through its lawyer, Ade Adedeji (SAN) indicated intention appeal the orders made in favour of Ibrahim and his companies.

The movement filed for a remain of execution has suit number: FHC/ABJ/001/2021.

On Feb 22, Justice Abang vacated the orders obtained by AMCON in help of Taiwo Lakanu, the receiver/manager appointed to handle Ibrahim’s seized assets.

The authorities agency had taken possession of the billionaire’s NICON Investment Ltd and Global Fleet Oil and Gas Ltd.





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