AMCON puts Silverbird Mall up for sale over unpaid debt

The Asset Management Corporation of Nigeria (AMCON) has listed the Silverbird Entertainment Centre in Abuja for sale to recover a multi-billion naira debt owed by former Senator Ben Murray-Bruce and companies connected to his family.

The debt exceeds N10 billion and is associated with several businesses owned by the Murray-Bruce family.

The entertainment centre, located in Abuja’s Central Area, features a cinema, restaurants, office spaces, and retail outlets, spanning a gross lettable area of 15,050.91 square metres.

The property is being sold in its current condition, with bids due by July 11.

AMCON has been working to recover assets from high-profile debtors who have defaulted on loans.

In 2016, a Federal High Court appointed a receiver to manage the affected assets on behalf of AMCON.

The group owns TV and radio stations in Nigeria and Ghana, as well as the Most Beautiful Girl in Nigeria (MBGN) pageant.

Bids for the Silverbird Abuja property, along with others listed for disposal, are due by July 11.

Interested buyers have been directed to AMCON’s website or to contact the coordinating agents for further information.

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