‘Tough Times Don’t Last’: Ben Bruce Says Silverbird Group Loan Troubles Will...

‘Tough Times Don’t Last’: Ben Bruce Says Silverbird Group Loan Troubles Will Pass

By Amarachi Ishola | Sub-Editor on June 23, 2016
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Ben bruce, Senator, Ghana, Independence, Buhari, Corruption
Senator Ben Murray-Bruce

Senator Ben Murray-Bruce as issued a short statement on the AMCON takeover of Silverbird Group properties in Abuja, Lagos, and Port Harcourt on Thursday, June 23, 2016.

On Facebook, the chairman of Silverbird Group says tough times don’t last but tough people outlast them.

“I have been on an international flight and have only just landed. The situation is being resolved and things will be back to normal,” Senator Ben Bruce says. “In 36 years, Silverbird has grown and as with any institution, it will face challenges. Tough times don’t last. But we, as tough people, outlast them.”

AMCON Takes Over Silverbird Properties

The Assets Management Company of Nigeria, AMCON, has taken over all assets owned by Silverbird Group.

Silverbird Group is reportedly owing the government agency about N11 billion.

Policemen on Thursday, June 23, 2016 barricaded all properties belonging to the companies owned by opposition Peoples Democratic Party (PDP) Senator Ben Murray-Bruce.

Silverbird TV station has stopped live transmission of its programmes, showing only recorded programmes. As at 9:25AM on Wednesday, the screen was blank with nothing being transmitted. It remained so until the time of filing this report.

Photo taken on the morning of Thursday, June 23, 2016 shows police at Silverbird Galleria, Victoria Island, Lagos | The Gazeller News
Silverbird Group Debt Troubles: Photo taken on the morning of Thursday, June 23, 2016 shows police at Silverbird Galleria, Victoria Island, Lagos | The Gazeller News

Guests and staff have also been asked to vacate all premises of the Silverbird TV stations and Cinemas.

The companies affected by the takeover are Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited.

AMCON had, by notice of appointment dated April 18 appointed Muiz Banire as Receiver/Manager over the sprawling assets of the three companies located at 133 Ahmadu Bello Way, Victoria Island, Lagos, Plot No 1161 (Silverbird Galleria); Central Area Cadastral Zone AOO, Abuja; and Abonnema Wharf Road and Abali Park in Port Harcourt City of Rivers State.

The takeover followed the interim orders granted by Justice Cecilia Olatoregun-Ishola of the Federal High Court, Lagos, on June 17 which allowed the Receiver/Manager to take possession of the said properties.



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