A day after they were sealed by Nigerian officials for loan default, some subsidiaries of Silverbird Group reopened for business on Friday afternoon, with apologies to their ''viewers, listeners and online subscribers''.
The Assets Management Corporation of Nigeria, AMCON, has now explained why that happened. You recall on Thursday, they had effected a court order to take possession of Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited which are part of the media group owned by businessman and politician, Ben Murray-Bruce, and his family.
The takeover was necessitated by an alleged failure of the three companies to repay about N11 billion credit they obtained from Union Bank of Nigeria.





























