From all indications, the last may not have been heard about the high-profile debt case involving businessman Barrister Jimoh Ibrahim and his companies and the Asset Management Corporation of Nigeria (AMCON) as a Federal High Court Lagos Division on Thursday cautioned NICON Insurance Limited against what it called ‘forum shopping.’ Recall that AMCON in November 2020 following a court order seized the properties of the Barrister Jimoh Ibrahim over an alleged debt of nearly N70billion, which was sold to AMCON by Union Bank as a non-performing loan in the early…
Read MoreN70BILLION AMCON DEBT: COURT STOPS JIMOH IBRAHIM, NICON INSURANCE FROM FORUM SHOPPING
