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Fraud: How I lost $3.5 million to my South African partner — Murray Bruce

The FrontierThe FrontierNovember 15, 2024 3871 Minutes read0

•Ben Murray-Bruce

Former Nigerian senator and founder of Silverbird Group, Ben Murray-Bruce, has revealed how he lost $3.5 million in a fraudulent deal with his South African partner over the purchase of a cinema complex in Kenya.

Murray-Bruce disclosed this yesterday during the 4th Peace Anyiam-Osigwe (PAO) Nigeria Digital Content Regulation Conference, reports Nigerian Tribune.

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He explained that after he transferred the funds for the cinema purchase, his partner fraudulently registered the business under his own name.

Murray-Bruce also shared details of ongoing legal battles involving his Los Angeles-based studio and a prominent Hollywood actor.

Looking ahead, the former lawmaker outlined plans to revitalize Nigeria’s cinema industry by venturing into movie production.

He said, “I was called to buy a cinema complex in Kenya for $3.5 million. I transferred the money and my South African partner registered it in his name. That was how I lost that huge investment.

“I have a studio in Los Angeles and I am battling with litigation with one of the most prominent actors in Hollywood.

“The entertainment industry is a very successful one. In all the things I have done, I have never made one move about movie making but now, I will.

“I am working on a script and I know we will get it right. We will deal with fundamental issues.”

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