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N69.4bn Debt: AMCON Takes Over Jimoh Ibrahim’s Assets

Consequent upon the order of Honourable Justice R.M. Aikawa of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) on Wednesday took possession of 12 assets belonging to Barrister Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited in Lagos and Abuja over N69.4 […]

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Australia: Crown Resorts Wins VIP Tax Reduction Suit

An Australian federal court on Friday ruled that the amount of taxes that Crown Resorts, a casino operating company, must pay when bringing in VIP gamblers on junkets had been “excessive.” Crown launched its legal challenge two years ago, disputing whether the cost of commissions and rebates it paid out for junket tours could be […]