Discover and read the best of Twitter Threads about #AMCON

Most recents (2)

JUST IN: Following order of Hon. Justice R.M. Aikawa of FHC (Lagos Division), #AMCON has taken possession of 12 prime assets belonging to Barrister Jimoh Ibrahim, chief promoter of #Global Fleet Oil & Gas Ltd and #NICON Inv. Ltd in Lagos & Abuja over indebtedness of nearly N70bn.
In addition, the Court also ordered freezing of all accounts belonging to Barrister Jimoh Ibrahim and his coys. incl. Global Fleet Oil & Gas Ltd and NICON Inv. Ltd. all of who are defendants in Suit No. FHL/L/CL/776/2016 presided over by Justice Aikawa on Wednesday Nov. 4, 2020
''The court also granted AMCON possession over all shares belonging to the embattled Barrister Jimoh Ibrahim and his two companies that are domiciled in Nigerian Re-Insurance Company Plc, NICON Insurance Company Plc, Nigeria Stockbrokers Limited (NSL) and NICON Trustees Limited''
Read 6 tweets
While the country was distracted by the holidays, @PowerMinNigeria, Sale Mamman, said he'd suspended the MD of #Nigerian Bulk Electricity Trading Co, #NBET. This is an example of abuse that pervades power in Nigeria. This Minister has no such powers.

energycentral.com/news/nbet-boss…
#NBET, @nbetnigeria is an #SPV wholly owned by @NigeriaGov and incorporated since 2010. Its shares are subscribed by the Ministry of Finance Inc (MOFI) & by the Bureau of Public Enterprises, BPE, which is the majority shareholder.

nbet.com.ng/about-us/who-w…
#NBET, @nbetnigeria has a Board of Directors, chaired under its instruments by the @FinMinNigeria. At incorporation in 2010, it was @NOIweala. Currently, it is @ZShamsuna. Before her, it was @HMKemiAdeosun.

thecable.ng/adeosun-board-…
Read 13 tweets

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