To Recover ₦10 Billion Debt, Murray-Bruce’s Silverbird Abuja Mall Listed for Sale Over Payment Default.

To Recover ₦10 Billion Debt, Murray-Bruce’s Silverbird Abuja Mall Listed for Sale Over Payment Default.

The Nigerian World.

The news as it trends.

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

The mall, a landmark property in Abuja’s Central Area, was seized following a 2016 court order after Murray-Bruce’s companies—including Silverbird Productions, Silverbird Showtime, and Silverbird Galleria—defaulted on loans totaling over ₦10 billion.

Despite years of negotiations, the debt remains unresolved.

AMCON’s latest move according to report is part of a broader crackdown on high-profile debtors.

The agency has intensified efforts to recover over ₦4.5 trillion owed by more than 400 individuals and entities.

The Abuja mall, which houses retail shops, a cinema, restaurants, and office spaces, is now open for bids. The property spans over 15,000 square meters and is being sold “as is.”, meaning, the property is being sold in its current condition, with no repairs, upgrades, or guarantees provided by the seller.

Ben Murray-Bruce, 60, served as senator for Bayelsa East in Nigeria from 2015 to 2019 and is the founder of the Silverbird Group, known for its media outlets and the Most Beautiful Girl in Nigeria (MBGN) pageant.

As of now, he has not publicly responded to the sale.

Bids for the property are due by July 11, 2025.