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AMCON Puts Silverbird Abuja Mall Up for Sale Over N10bn Debt Linked to Ben Murray-Bruce

 AMCON Puts Silverbird Abuja Mall Up for Sale Over N10bn Debt Linked to Ben Murray-Bruce




The Asset Management Corporation of Nigeria (AMCON) has listed the Silverbird Entertainment Centre in Abuja for sale as part of efforts to recover a long-standing debt of over N10 billion linked to former senator Ben Murray-Bruce and companies associated with his family. The sale was announced in a recent public notice and is part of AMCON’s broader strategy to dispose of assets tied to high-profile debtors across the country, including in Lagos, Rivers, Oyo, and Plateau states.

The Abuja mall, a prime commercial property located in the Central Area, Cadastral Zone, was among several assets seized in 2016 following a Federal High Court order. The court appointed a receiver, M.A. Banire, to take over the operations of Silverbird Productions Limited, Silverbird Showtime Limited, and Silverbird Galleria Limited on behalf of AMCON. Justice C.M.A. Olatoregun also barred Senator Murray-Bruce and other family members from interfering with the asset recovery process.

Despite negotiations after the seizure, the debt remains unsettled, prompting AMCON to proceed with a public sale. The Silverbird Entertainment Centre is one of the group’s flagship developments and features retail shops, a cinema, restaurants, and office spaces. According to the listing, the mall has a gross lettable area of 15,050.91 square metres and is being sold in its current condition.

Senator Ben Murray-Bruce, who represented Bayelsa East in the National Assembly from 2015 to 2019, is a well-known media entrepreneur and founder of the Silverbird Group. His business empire includes TV and radio stations operating in Nigeria and Ghana, as well as the Most Beautiful Girl in Nigeria (MBGN) pageant. He has yet to publicly comment on the proposed sale.

Bids for the Abuja mall and other listed AMCON properties close on 11 July. Interested buyers are directed to the AMCON website or its designated agents for application guidelines and further details. As of 2017, AMCON reported that about 400 top obligors owed roughly N4.5 trillion, accounting for nearly 80% of its outstanding debts, and the agency continues to ramp up recovery through legal means and asset disposal.

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