The Court of Appeal in Lagos on Friday dismissed two appeals by the Chairman of Global Fleet Group, Jimoh Ibrahim, and firms linked to him challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his assets and freezing of all his accounts over his alleged N69.4billion debt.
The appellate court upheld the November 4, 2020 order of Justice Rilwan Aikawa of the Federal High Court authorizing AMCON to take over Ibrahim’s assets.
The justices upheld the arguments of AMCON’s lead counsel, Dr. Kemi Pinheiro (SAN), who prayed the court to dismiss Ibrahim’s application because it was incompetent.
Chief Niyi Akintola (SAN), is Ibrahim’s counsel, while Chief Bolaji Ayorinde (SAN) is for the second defendant, Global Fleet Group.
