The Asset Management Corporation of Nigeria (‘AMCON’) and the Nigerian Financial Intelligence Unit (‘NFIU’) have again been described as some of the two most important and indispensable agencies of the federal government of Nigeria especially as it relates to the…
The Court of Appeal Lagos State Division has dismissed an appeal brought before it by Barrister Jimoh Ibrahim, the chairman of Global Fleet Group who is challenging the seizure of 12 of his assets by the Asset Management Corporation of…
For the umpteenth time, the Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON) Mr Ahmed Lawan Kuru has reminded stakeholders to view the AMCON recovery mandate as one of serious national importance in the federal republic of Nigeria. Kuru made…
Following an order of Honourable Justice I. N. Buba of the Federal High Court Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over a huge indebtedness of over N2billion. Recall…
A little drama unfolded at the Murtala Muhammed International Airport in Lagos, when the management of Arik Air prevented the Chairman/Founder of the airline, Chief Johnson Arumemi-Ikhide, from accessing its premises. Arumemi and his aides had arrived at the premises’…
By Seun Ibiyemi The Executive Director, Asset Management Corporation of Nigeria (AMCON) Dr Eberechukwu Uneze said the fact that AMCON has so far recovered over N1.4trillion out of the total N1.76trillion it paid to acquire Eligible Bank Assets from 22…
By Seun Ibiyemi The Executive Director, Asset Management Corporation of Nigeria (AMCON) Dr Eberechukwu Uneze said the fact that AMCON has so far recovered over N1.4trillion out of the total N1.76trillion it paid to acquire Eligible Bank Assets from 22…
The Asset Management Corporation of Nigeria (AMCON) led by Ahmed Lawan Kuru as Managing Director/Chief Executive Officer has won the Independent Awards 2022 ‘Public Sector Agency of the Year Award.’ The event was organised by Independent Newspapers Limited (INL) publishers…
Justice Chukwujekwu Aneke of the Federal High Court, Lagos Judicial Division, has again restrained the Asset Management Corporation of Nigeria, from selling the Ibadan Electricity Distribution Company (IBEDC) Plc. The court’s ruling on an interlocutory injunction sought by defendants in…
Asset Management Corporation of Nigeria (AMCON), Polaris Bank Limited and 11PLC have approached the Supreme Court seeking to quash the recent judgement of the Appeal Court nullifying the sale of Lagos Continental Hotel to 11PLC. 11PLC, in a statement to…
