One of the Silverbird Group properties sealed in a receivership action by Assets Management Corporation of Nigeria, AMCON, has been re-opened.
Normal business activities resumed on Thursday afternoon at the Silverbird Galleria in Abuja following a takeover of the company’s properties in Lagos, Abuja, and Port Harcourt in the morning.
AMCON announced on Thursday, June 23, 2016 that it had taken over the assets of three of SilverBird Group businesses: Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited.
The three companies are companies are co-owned by Mr. Murray-Bruce and his brothers, Guy Murray-Bruce, Michael Murray-Bruce, as well as his son, Jonathan Murray-Bruce.
The latest move by AMCON came two months after the agency, established in 2010 to manage delinquent loans of big firms and individuals, appointed Muiz Banire as the receiver/manager of the companies, following an alleged failure to meet up loan obligations with Union Bank of Nigeria. Banire is also the legal adviser of the ruling political party in Nigeria, the All Progressives Congress, APC.
Vanguard visited Silverbird Galleria and reports “free movement of customers in and out of the premises, with heavy presence of security men on guard”.
Chairman of Silverbird Group, Senator Ben Murray-Bruce has reacted to the AMCON takeover of his prime business assets as a temporary set back saying that it is not uncommon for a business that is three decades old.
“I have been on an international flight and have only just landed. The situation is being resolved and things will be back to normal,” Senator Ben Bruce said in a Facebook post. “In 36 years, Silverbird has grown and as with any institution, it will face challenges. Tough times don’t last. But we, as tough people, outlast them.”
-adobserver: Jimmy Adesanya
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