By Idris Bakare Bank Directors Association of Nigeria (BDAN) has called for the review of necessary regulations to prevent the deposit money banks from paying insurance on deposits sterilised with the Central Bank of Nigeria (CBN). The Directors said banks…
As part of its strategy to partner, support, and help revitalize businesses in its portfolio over huge debt, the Asset Management Corporation of Nigeria (AMCON) in Abuja on Friday, handed over the original title documents of Standard Shoe Company Limited,…
By Seun Ibiyemi Aero Contractors have denied any fund diversion to the tune of $3million belonging to the airline and the Asset Management Corporation of Nigeria (AMCON) meant for the acquisition of a Bombardier aircraft for Aero Contractors Limited. The…
The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has reiterated the willingness of the National Assembly to continually support the debt recovery efforts of Asset Management Corporation of Nigeria (AMCON). He said the support…
The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has reiterated the willingness of the National Assembly to continually support the debt recovery efforts of Asset Management Corporation of Nigeria (AMCON). He said the support…
Federal House of Representatives Committee Chairman on Banking and Currency, Hon. Victor Nwokolo at the weekend in Lagos disclosed that the National Assembly would as a matter of urgency summon the leadership of the various key committees that are overseeing…
The Asset Management Corporation of Nigeria (AMCON) has received a sum of N125.9 billion from twelve commercial banks listed on the Nigerian stock market as part of the Sector Resolution Funds in the first quarter of 2022, analysis shows. According…
Sequel to the order of Honourable Justice D.E. Osiagor of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Aeroland Travels Limited, and its directors over an indebtedness of N1.8bn. It would be…
The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), on Monday, met with the management of Asset Management Corporation of Nigeria (AMCON) on improving the insolvency practice and licensing in the country. The President of BRIPAN, Ayodele Akintunde, SAN,…
The House of Representatives has directed its principal officers to interface with the Committee of Finance and Currency over the failure of some agencies to appear for 2022 budget defence. Ahmed Wase, Deputy Speaker of the House, gave the ruling…
