The House of Representatives Committee on Banking and Other Ancillary Institutions has charged the Asset Management Corporation of Nigeria (AMCON) to uphold accountability and efficiency in its operations. Speaking, the Committee Chairman, Hon. Eze Nwachukwu Eze on an oversight visit…
The Asset Manage ment Corporation of Nigeria (AMCON) has declared a triple digit growth in its full year financial report for 2023. This was contained in the latest press release issued by Mr. Jude Nwauzor, Head Corporate Communications Department of…
The Asset Management Corporation of Nigeria (AMCON) has filed bankruptcy proceedings before the Federal High Court in Lagos against the Chairman of Milan Industries Limited, Milan Nigeria Ltd and Milan Beverages Ltd, Rajesh Valecha and four other directors of the…
The General Manager, Benue Links Nigeria Ltd., Mr Alexander Fanafa, says Assets Management Company of Nigeria (AMCON) has delisted the transport company from bad debtors list. Fanafa disclosed this in an interview with the newsmen on Saturday in Makurdi. Fanafa…
President Bola Tinubu has approved the appointment of the management team for the Asset Management Corporation of Nigeria (AMCON), pending its confirmation by the Nigerian Senate. This is contained in a statement on Thursday by the Special Adviser to the…
A Federal High Court, Abuja has ordered Sen. Victor Umeh to pay about N136 million to the Asset Management Corporation of Nigeria (AMCON) over his unpaid bank loan. Justice Inyang Ekwo, in a judgment in the suit marked: FHC/ABJ/AMC/12/2022, also…
The Asset Management Corporation of Nigeria (AMCON) has blamed high interest rates, non-collateral interventions as some of the factors hindering the recovery of N4.7trillion debt owed to the corporation. At at an interactive session with the Management of AMCON led…
The management of Aero Contractors, one of the two indigenous airlines under the receivership of Asset Management Corporation of Nigeria (AMCON) has been accused of mismanagement of the airline’s meagre resources. The airline was also accused of non-payment of redundant…
The Assets Management Corporation of Nigeria (AMCON) has advised the Chairman of Arik Air, Johnson Arumemi-Ikide, to present a reasonable debt recovery plan in order to recover the airline. The Managing Director of AMCON, Mr Ahmed Kuru, gave the advice…
The National Association of Aircraft Pilots and Engineers (NAAPE) led by Engineer Mudi Muhammad during the week urged the Asset Management Corporation of Nigeria (AMCON) to continue the execution of its interventionist strategy that would ensure the survival of Arik…
