Stop the rumour! Jimoh Ibrahim is not broke

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Stop the rumour! Jimoh Ibrahim is not broke

Stop the rumour! Jimoh Ibrahim is not broke
March 07
16:12 2016

• Former billionaire abandons private jet due to declining fortunes

There is no end to the mischief of hideous hearts. Like trout that must be caught and silenced by tickling, they incite contempt and ire by their hideous plots. As you read rumour mongers are spreading falsehood about former billionaire, Jimoh Ibrahim. They allege that the media mogul and hospitality entrepreneur is flat broke. According to them his private jet is currently grounded and unable to fly due to his inability to pay for the millions of dollars required to service it and get it back in the air.

Consequently, the aircraft which stopped flying in October 2015, is parked and rotting away at the prestigious Evergreen terminal in Lagos.According to Jimoh’s detractors, he is currently experiencing extreme financial problems. They claim that besides his grounded aircraft, the brash and loquacious former billionaire from Ondo state, is unable to salvage his NICON luxury hotels and NICON Insurance from decline. The hotel is reportedly experiencing declining patronage. And to make matters worse, the Federal Inland Revenue Service (FIRS) officials are also on his neck; they are allegedly investigating him for tax evasion.

Staff of NICON Insurance recently revealed that officials of FIRS invaded the company’s premises recently to paste tax evasion papers on the front and back of the office and up till now, Jimoh Ibrahim has not paid the tax. The workers added that he now sneaks into Abuja and has been trying to see President Buhari without success. Also, he has not paid back the huge amount Aviation Intervention Fund Loan he took from the Federal Government on behalf of his moribund airline, Air Nigeria. If these claims and revelations are anything to go by, these are indeed not the best of times for Jimoh Ibrahim.

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