AMCON VS JIMOH IBRAHIM & OTHERS: AMCON STILL IN CHARGE AS COURT ADJOURNS TILL SEPT. 8

Irrespective of the false narrative spreading on social media, Hon. Justice A. R. Mohammed of Federal High Court Abuja Division on Monday ordered the Asset Management Corporation of Nigeria (AMCON); NICON Insurance Limited, Nigeria Reinsurance (Nigeria Re) and Barrister Jimoh Ibrahim to maintain the status-quo-ante until September 8, 2021, when the court will hear all pending applications in the matter. Jimoh Ibrahim’s current indebtedness to AMCON stands at nearly N70billion. The matter between Barrister Jimoh Ibrahim and AMCON has been interminable since the loan was purchased by the government debt…

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