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…
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…
