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.