AMCON Lists Silverbird Abuja For Sale Over Ex-Senator Ben Murray-Bruce’s ₦10bn Debt

The Asset Management Corporation of Nigeria (AMCON) has listed the Silverbird Entertainment Centre in Abuja for sale as part of efforts to recover a ₦10 billion debt linked to former senator and media mogul, Ben Murray-Bruce.

The debt, owed by companies owned by the Murray-Bruce family—including Silverbird Productions Limited, Silverbird Showtime Limited, and Silverbird Galleria Limited—has remained unresolved since a 2016 court order authorized AMCON to take over their assets.

The Abuja mall, a flagship property of the Silverbird Group, is located in the Central Area of the capital and features cinemas, retail stores, restaurants, and office spaces. According to AMCON, it has a gross lettable area of over 15,000 square metres and is being sold on an “as is” basis.

In June 2016, Justice C.M.A. Olatoregun of the Federal High Court appointed M.A. Banire as receiver and barred Ben Murray-Bruce, his brothers Guy and Roy Murray-Bruce, and other relatives from interfering with the recovery process. The order also covered mortgaged properties in Abuja, Lagos, and Port Harcourt.

AMCON stated that the sale is part of a broader asset recovery drive targeting high-profile debtors. As of 2017, over 400 individuals and entities were responsible for ₦4.5 trillion—nearly 80% of AMCON’s outstanding debt portfolio.

Murray-Bruce, who served as senator for Bayelsa East from 2015 to 2019, is the founder of Silverbird Group, which operates TV and radio stations across Nigeria and Ghana and organizes the Most Beautiful Girl in Nigeria (MBGN) pageant.

As of the time of reporting, Ben Murray-Bruce had not commented on the sale. [CONTINUE READING HERE]>>>