The properties include those at 133, Ahmadu Bello Way,
Victoria Island, Lagos, Plot No 1161 (Silverbird Galleria), the plaza at
Central Area Cadastral Zone, Abuja, and the magnificent structure located at
Abonnema Wharf Road and Abali Park in Port Harcourt.
Ben Murray-Bruce, his brothers, Guy Murray-Bruce, Michael
Murray-Bruce, Roy Murray-Bruce and his son Jonathan Murray-Bruce are listed as
defendants in a suit over the loan default.
Mr. Murray Bruce and his brothers, using their companies,
had between 2005 and 2007 borrowed 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. AMCON is now
seizing the assets as the loans are still unpaid, 5 years later.
The takeover follows the June 17 interim orders granted by
Justice Cecilia Olatoregun-Ishola of the Federal High Court, Lagos, in Suit No.
FHC/L/CS/790/16 – Asset Management Corporation of Nigeria & 3 Ors. v. Ben
Murray Bruce & 4 Ors.
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