The Management of the Silverbird Group says negotiations are on course with the Asset Management Corporation of Nigeria (AMCON) over the seizure of some of its properties.
The Group Vice President of Silverbird Group, Guy Murray–Bruce, said this on Thursday in reaction to the assets of three companies belonging to the group taken over by AMCON.
He described the whole situation as a business arrangement gone south, vowing that their properties would be restored.
AMCON had alleged that the assets were being seized following the failure of the company to settle an 11 billion Naira loan owed Union Bank and acquired by the corporation.
Cross River State Government and Silverbird Group have signed a 4-year management contract for the hosting of the Most Beautiful Girl in Nigeria (MBGN), at the prestigious 5,000 seat capacity Calabar International Convention Centre (CICC).
According to the agreement, Calabar will play host to both the Most Beautiful Girl in Nigeria (MBGN) and the maiden edition of Miss Africa Beauty Pageant owned by the Cross River State Government.
Speaking shortly after the signing ceremony at the CICC in Calabar, the State Governor, Ben Ayade, expressed confidence that Silverbird has the capacity and expertise to manage the centre, giving its track record in the entertainment industry.
According to the Governor, with the hosting of the two pageant shows in October and December, citizens of Cross River State and indeed Nigerians should key into the new development and make the best use of business opportunities it will offer.
The Group Vice President, Silverbird Group, Mr. Guy Murrày-Bruce, overwhelmed by the architectural masterpiece, described the CICC as the best of its kind in Africa.
Murray-Bruce said that the pageants would enable the state showcase its enormous tourism potentials to the whole world with the view to attracting tourists for economic gains.
He expressed delight to partner with the Cross River State Government on the project and promised delivering on excellence.