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AMCON Replies NICON Investment, Says Hotel for Sale

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By Olawale Ajimotokan Asset Management Corporation of Nigeria (AMCON) has debunked what it described as the false advertorial, which was published in some leading newspapers on Monday, which claime…

Asset Management Corporation of Nigeria has debunked what it described as the false advertorial, which was published in some leading newspapers on Monday, which claimed that NICON is not for sale.

According to him, the hotel is under a Receivership/Manager appointed by AMCON following a protracted court battle between AMCON and the trio of NICON Investment Limited, Global Fleet Oil & Gas Limited and Mr. Jimoh Ibrahim all of whom are defendants in suit No: FHC/L/CS/776/2016 for the recovery of N69.4billion debt owed AMCON.

and Mr. Jimoh Ibrahim together with appurtenances thereto and all moveable properties contained therein.

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