The Asset Management Corporation of Nigeria (AMCON) has announced the sale of the Silverbird Entertainment Centre in Abuja to recover a long-outstanding debt linked to former Senator Ben Murray‑Bruce and his companies.
The shopping complex, situated in the Central Area of Abuja, was seized in 2016 following a Federal High Court order over more than ₦10 billion owed by Silverbird Productions Limited, Silverbird Showtime Limited, and Silverbird Galleria Limited.
In June 2016, the court appointed a receiver, M. A. Banire, to manage the seized assets for AMCON. Justice C. M. A. Olatoregun also barred Murray‑Bruce and his family members from interfering with the receivership. Several properties in Abuja, Lagos, and Port Harcourt were affected.
Though negotiations were held, AMCON said the debt was never fully repaid. As part of its recent asset recovery drive, which focuses on high‑profile debtors, AMCON has listed the mall—housing retail shops, a cinema, restaurants, and offices—for sale “as is.” The mall spans a gross lettable area of 15,050.91 m².
Ben Murray‑Bruce, who served as senator for Bayelsa East from 2015 to 2019, is also the founder of Silverbird Group, known for its media operations and Miss Beautiful Girl in Nigeria pageant.
AMCON confirmed that bids for the Abuja mall and other assets must be submitted by 11 July. Interested buyers should visit AMCON’s official website or contact designated agents for more details.
The sale is part of AMCON’s intensified efforts to recover from top debtors. As of 2017, the corporation had over 400 major obligors on its books, holding about ₦4.5 trillion in debt nearly 80% of its portfolio.