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Jimoh Ibrahim In Trouble Over N69.4bn Debt Owed AMCON

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Businessman Jimoh Ibrahim yesterday suffered a setback in his long court battle to escape repaying N69.4billion to the Asset Management Corporation of Nigeria

The Court of Appeal sitting in Abuja in Appeal No. CA/ABJ/CV/269/2022 in the case between AMCON vs Barrister Jimoh Ibrahim ruled that all proceedings including the contempt proceedings initiated by Barrister Jimoh Ibrahim and co. at the trial court should be stayed pending the hearing and determination of the substantive appeal.

With that ruling, Barrister Jimoh Ibrahim and co. have been neutralised from executing the said contempt proceedings order, which he obtained under questionable circumstances.

 

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‘N69.4bn debt’: Court orders stay of contempt proceedings by Jimoh Ibrahim against AMCON | TheCableThe court of appeal sitting in Abuja has ordered a stay of contempt proceedings initiated by Jimoh Ibrahim, a Nigerian businessman...
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‘N69.4bn debt’: Court orders stay of contempt proceedings by Jimoh Ibrahim against AMCON | TheCableThe court of appeal sitting in Abuja has ordered a stay of contempt proceedings initiated by Jimoh Ibrahim, a Nigerian businessman...
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