N69.4bn debt: Possessory Order on Jimoh Ibrahim’s seized assets stays- AMCON

Justice Okon Abang of the Federal High Court, Abuja who presided over the case between the Asset Management Corporation of Nigeria (AMCON) and Barrister Jimoh Ibrahim on Monday February 22, 2021 reviewed the order of January 4, 2021 without prejudice to the power of AMCON to appoint a Receiver. In the same vein, Justice Abang did not challenge the powers of AMCON under Section 48 of the AMCON Act as amended to appoint a Receiver to manage the assets of Jimoh Ibrahim who is also the Chief promoter of Global…

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