The Assets Management Corporation of Nigeria ( AMCON ) sealed off Silverbird Group’s outlets across the country today after the inability of Sen. Ben Bruce and his brothers to repay about N11 billion credit they obtained from Union Bank. In a statement issued today, AMCON said:
“The exercise of this morning has all the paraphernalia of legality. Aside from the fact that the receivership was done pursuant to deeds of legal mortgages duly executed by the three companies and guaranteed by Ben Murray-Bruce and four of his brothers, there is a court order backing same up.
It must be borne in mind that innocent depositors’ money is what the common sense propagator and his brothers have been living large and feeding fat upon without recourse to the interest of the real labourers who own the money.
The said loan was purchased by AMCON in 2011 after the capital base of Union Bank was terribly shaky and the common sense senator has persistently failed to pay the loans and yet has been pretending to be concerned with the welfare of Nigerians whom he has been skinning alive in order to remain relevant and live like a king.”.
who is yet to visit Obafemi Martins!