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…
An inter-agency committee set up on the recovery of debts owed to the Asset Management Corporation of Nigeria has said that in two years it covered N307 billion. It the committee said this when it submitted its report to the…
The Inter-agency committee set up on the recovery of debts owed the Asset Management Corporation of Nigeria (AMCON) between 2020 to 2021 fiscal year has recovered a whopping sum of N307 billion and should be supported by Nigerians home and…
By Ridwan Adekunle The Federal High Court, Abuja on Monday reviewed and set aside a January 4, 2021 interim order for the Asset Management Corporation of Nigeria (AMCON) to seize properties belonging to Lagos businessman, Jimoh Ibrahim, over alleged N69.4…
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 per cent of the equity in Polaris Bank by Strategic…
