Court Sets aside Order Seizing Jimoh Ibrahim’s Assets over Alleged 69.4bn Debt


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Justice Okon Abang of a Federal High Court in Abuja on Monday set aside his order made on January 4, directing the Asset Management Corporation of Nigeria (AMCON) to take over the assets belonging to a businessman, Jimoh Ibrahim, over alleged N69.4 billion debt.

Justice Abang set aside the order on the grounds that the applicant (AMCON) had concealed facts relating to the case to obtain an interim order to take over Ibrahim’s property.



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