Efforts on to Take Back Companies as ‘Tough Times Don’t Last ‘, says Murray-Bruce

Senator Ben Murray-Bruce has said that the takeover of some of his properties in Abuja, Lagos and Port Harcourt, by the Asset Management Corporation of Nigeria (AMCON), was only temporary as ‘tough times don’t last.’
In a tweet on his Twitter handle, Thursday afternoon, he said efforts are on board to resolve the issues that led to the takeover.
He said: “I have been on an international flight and have only just landed. The situation is being resolved and things will be back to normal,” he tweeted.
“In 36 years, Silverbird has grown and like anybody, it will face challenges. Tough times don’t last. But we, as tough people, outlast them.”
AMCON on Thursday morning took possession of three companies belonging to the Senator representing Bayelsa East Senatorial District in the Senate.
The companies said to have been taken over by the debt management corporation include, Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited.
The three companies are located at 133 Ahmadu Bello Way, Victoria Island, Lagos, Plot No 1161 (Silverbird Galleria); Central Area Cadastral Zone AOO, Abuja; and Abonnema Wharf Road and Abali Park in Port Harcourt City of Rivers State.
Justice Cecilia Olatoregun-Ishola of the Federal High Court, Lagos, had on June 17 granted the interim orders which allowed the Receiver/Manager to take possession of the said properties.
In the said order, Ben Murray Bruce’s companies were said to be indebted to AMCON the sum of N11bn, which necessitated the takeover.
Kunle Adegoke, counsel to the Receiver/Manager, said that the sealing up of Mr. Bruce’s properties on Thursday was legally carried out.
He said: “Aside from the fact that the receivership was done pursuant to deeds of legal mortgages duly executed by the three companies and guaranteed by Ben Murray Bruce and four of his brothers, there is a court order backing same up,” Mr. Adegoke said.
“It must be borne in mind that innocent depositors’ money is what the Commonsense propagator and his brothers have been living large and feeding fat upon without recourse to the interest of the real labourers who own the money.
“Mr. Murray Bruce, using his companies sometimes in 2005 and 2007, borrowed various sums of money from the Union Bank of Nigeria Plc and defaulted in his obligations to pay back, according to AMCON.
“The said loan was purchased by AMCON in 2011 after the capital base of Union Bank was terribly shak.
“And the Commonsense senator has persistently failed to pay the loans and yet has been pretending to be concerned with the welfare of Nigerians whom he has been skinning alive in order to remain relevant and live like a king.”
However, Murray-Bruce said in the tweet that the companies would bounce back to reckoning as the resolution is ongoing.

Author: News Editor

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