NewStats: 3,265,349 , 8,186,469 topics. Date: Saturday, 14 June 2025 at 03:04 PM ep3f

Senator Ben Murray-Bruce May Have Used Union Bank Loan To Purchase $5M Beverly Hills Mansion In the US


An investigation by SaharaReporters has revealed that Bayelsa Senator Benjamin Murray-Bruce may have illegally diverted a loan he obtained from Union Bank of Nigeria to purchase a posh property in Beverly Hills, California in 2007. Mr. Murray-Bruce has been in the spotlight lately after the Asset Management Corporation of Nigeria (AMCON) on June 23, 2016 seized several of his Silverbird media companies for failing to make payments on billions of naira in loans.

Mr. Murray-Bruce, the self-proclaimed Commonsense Senator, was one of the most vocal senators during the #BuyNaijaToGrowTheNaira, a movement that criticizes those who needlessly import foreign goods. He touted his reputation for building businesses in Nigeria to champion the importance of domestic investment in goods.

Several banking sources in Nigeria told SaharaReporters that the N11 billion loan Mr. Murray-Bruce took out from Union Bank around 2007 was supposed to be used to construct the Abuja Entertainment Center. According to the sources, instead of using the loan to fund his Nigerian business operations, Mr. Murray-Bruce diverted it to purchase an opulent property in the Beverly Hills area of Los Angeles and London.

The Los Angeles County Property Assessor’s Office, the Real Estate Records office, and the Special Investigation unit confirmed to SaharaReporters that the Nigerian senator from Bayelsa State purchased a property on August 6th, 2007 and remains the owner. The address is 605 North Camden Drive, Beverly Hills, CA 90210.

A public records search, also confirmed by municipal employees in Los Angeles County, assessed the value of Senator Murray-Bruce’s land at $3.1 million. The value of the mansion and other structures at the property was estimated at no less than $795,000.

The senator’s Beverly Hills swanky property has four bedrooms, three bathrooms, and a swimming pool and is estimated to be at least 2,777 square feet. Assessments of real estate platforms show that the property is worth $5 million as of today.

SaharaReporters also obtained a bond receipt document that confirmed Mr. Murray-Bruce’s ties to the property. The document also listed Stella Albright as having a connection to the property. A public records search of Mrs. Albright found that she was a board member of a company, Dream Magic Studios LLC, alongside Mr. Murray-Bruce.

http://saharareporters.com/2016/06/27/senator-ben-murray-bruce-may-have-used-union-bank-loan-purchase-5m-beverly-hills-mansion

na waoo. EFCC should seal the house. just one year in office he has built mantion in America

raymis:
na waoo. EFCC should seal the house. just one year in office he has built mantion in America

lyk serzly?



Do u really knw him?

raymis:
na waoo. EFCC should seal the house. just one year in office he has built mantion in America

sorry o madam!

Shey na you supply the gravel and block wey e take build the mansion for America?

Na buy dem dey buy, not build

sinaj:
lyk serzly?



Do u really knw him?

I doubt he know the man


It's funny how people have access to lots of information nowadays via Internet BUT still remain ignorant

Is that thing a mansion?

Is there any major Road or street in Lagos, Abuja and PortHarcourt that you won't see more than 18 exotic buildings far better than that?

People will not allow Ben Murray Bruce manage his mud house.

Can Ben Murray Bruce not afford that cheap building on his own as a business man?

Mtcheeeeeew!

Has BMB got something similar in his Village? If not, he should immediately commence the building of something of equivalent standards in his Village here in Nigeria before Fulani Herdsmen and Foreign Land grabbers invade his Village.

Has the definition of 'Mansion' been changed by Nairalanders ?

What is mansion about this







Spare me some of these your social media FRENZY this holy morning abeg

But this does not make Common Sense...







I thought BMB said we should only buy Nigerian and use Nigerian

raymis:
na waoo. EFCC should seal the house. just one year in office he has built mantion in America

with which jutsu
(sorry lol, naruto fan here)

raymis:
na waoo. EFCC should seal the house. just one year in office he has built mantion in America

A senator doesn't have access to public funds except salaries criminally appropriated to them by their leaders in the Senate

[size=20pt] dear nairalanders.

if you can call linda ikejis house a mansion, ya all don't have the right not to call this one too. [/size]

raymis:
na waoo. EFCC should seal the house. just one year in office he has built mantion in America

A senator doesn't have access to public funds except salaries criminally appropriated to them by their leaders in the Senate

Common sense niyen

Tolexander:
sorry o madam!

Shey na you supply the gravel and block wey e take build the mansion for America?

Na buy dem dey buy, not build

Who told you people cant personally build their own houses in the US?

raymis:
na waoo. EFCC should seal the house. just one year in office he has built mantion in America

he was a former DG of nta,he exploited the agency to a sorry state
today nta is still the worse media agency in Nigeria

kenkenn:
Is that thing a mansion?

Is there any major Road or street in Lagos, Abuja and PortHarcourt that you won't see more than 18 exotic buildings far better than that?

People will not allow Ben Murray Bruce manage his mud house.

Can Ben Murray Bruce not afford that cheap building on his own as a business man?

Mtcheeeeeew!

That's Beverly Hills my dear. Only few Americans can afford owning a property there.

Read

Now i understand the meaning of commonsense.

But who owns a conglomerate like Silverbird and wont have a home abroad ?

still the only unbiased southerner I respect his sense of reasoning and nationalism

Nuzy:



http://saharareporters.com/2016/06/27/senator-ben-murray-bruce-may-have-used-union-bank-loan-purchase-5m-beverly-hills-mansion

HE JUST WANTS TO MAKE COMMON SENSE.

Can you see why he was taken to court?
I've said it couple of times already and would still say it. Many people home and abroad take loans. But it is bad for you to take loan from banks and fail to pay back as and when due. You signed the agreement and you must perform on it. You took Billions from Union bank and failed to pay back, do you want Union bank to collapse and send workers back into the Labour market?

If ben bruce had told the bank that he wanted to purchase a Beverly home with the bank's money, they may not have granted the loan. Why? He's taking money from Nigerian economy to boost that of USA.

Dangote, Otedola, etc can take loan, but when they default on the pay back period, they should be taken to court, just as Amcon did to him

Nigerians should stop this stupid sentiment and be realistic. Even in England, Wales, USA, CANADA, when you borrow and don't pay back, you can be taken to the court by the lender in order to recover his/her money.


It was under Jonathan in 2013 that Ifeanyi Ubah's capital was taken over due to court's order. it wasn't with Hunt then. Now under buhari, its witch hunt. It would soon turn to wizard hunting

He should use his common sense to sell it off and AMCOM his debt !!

Yansh opening is really good for Nigerian economy

Were is d mansion? All i can see is a normal building. And d report says MAY and not fully confirmed

brunofarad:
What is mansion about this

LOCATION LOCATION LOCATION ma nigga

a boysquarters in beverly hills can buy your mansion in port harcourt

Mr common sense,

Notice sahara reporters used the word "may" meaning they are not sure. That he took a loan in 2007 and bought a property thesame year does not necessarily translate to using loan money. And even if he used the loan money to purchase the property which is still not not a crime, he should simply pay up.


When do we get to see investigative journalism by SR on tinubu. Obj Ibb abubakar and co.

I agree wit Op but dis cannot be compared to Saint Buratai's dubai properties. ApC shaaa, tryin to deflect d public frm d real matter - Buratai's mansions

raymis:
na waoo. EFCC should seal the house. just one year in office he has built mantion in America

Bros I'm not a Ben Bruce's er.
Look closely on the bond receipt attached you would see it was bought back 2009!

What I discredit about the house is he would have used that amount to pay part of this debt that makes Amcon or banks seals his business, no doubt is a hard working business man

HitlerGaddafi:

Who told you people cant personally build their own houses in the US?

What he is trying to tell you is that yes, the house will be built but in actuality, he would have bought it by taking a loan. It's called mortgage which is what everyone does in America. Hardly anyone owns their own homes outright. You don't have to be rich to own a house like that in America.