There are indications that politician and entertainment
investor, Senator Ben Murray-Bruce and his brothers, Guy
Murray-Bruce, Michael Murray-Bruce, and Roy Murray-Bruce may stand the risk of losing their investments to Asset Management Corporation of Nigeria (AMCON) if urgent steps are not taken to resolve the new development. AMCON today, June 23rd, took over the
Silverbird Galleria, Victoria Island, Lagos as well as other assets
of three companies belonging to the politician.
According to reports, the assets are
being seized following the failure of Murray-Bruce and his brothers
to settle an N11 billion loan owed Union Bank and acquired by AMCON.
His son, Jonathan Murray-Bruce is also listed as a defendant in the
default suit.
It’s also reported that between 2005
and 2007, the Bruce brothers had used their companies to borrow
various sums of money from Union Bank. After they repeatedly
defaulted in paying back, AMCON purchased the loan in 2011 to save
the bank from collapsing.
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