Contrary to some reports that the Assets Management Corporation of Nigeria (AMCON) could take over the Dangote Refinery over debts owed by the Dangote Group to banks, the corporation have denied such claims, saying it have no business with the…
The Assets Management Corporation of Nigeria (AMCON) has said 350 obligors alone account for over N2.05trillion, which is more than 70 per cent of total outstanding amount. The Corporation also said it has so far recovered about N1.48 trillion out…
Piqued by the fact that the Asset Management Corporation of Nigeria (AMCON) has continually been burdened with the slow pace of concluding its debt recovery actions in courts, the Corporation has approached the National Assembly to accommodate AMCON in the…
Following the order of Honourable Justice C.J. Aneke of the Federal High Court Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over 13 prime assets linked to Centage Savings and Loans Limited and its Chief Promoter, Mr.…
Sequel to the order of Honourable Justice C.J. Aneke of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to 14 Directors of Deap Capital Management and Trust Plc. over an…
Following series of negotiations and eventual restructuring of his huge indebtedness by Asset Management Corporation of Nigeria (AMCON), former Minister of State for Defence and former Supervising Minister for Mines and Steel Development and current Nigeria Ambassador designate to Spain,…
The Senate on Wednesday confirmed the nominations of Mr. Ahmed Lawan Kuru; and Bello Hassan as Managing Directors of the Asset Management Corporation of Nigerian; and Nigeria Deposit Insurance Corporation, respectively. The confirmation of both nominees followed consideration of two…
The Asset Management Corporation of Nigeria (AMCON) says it is pushing hard to recover the N4.4 trillion debt owed the company in failed financial institutions it took over its liabilities. Head, Corporate Communications Department of AMCON, Mr Jude Nwauzor said…
Media reports, which claimed that the Asset Management Corporation of Nigeria (AMCON) has detained 344 female students of Providence High School, located on Independence Layout in Enugu, Enugu State is fake news according to a statement AMCON released at the…
Following the order of Honourable Justice Aikawa of the Federal High Court, Lagos the Asset Management Corporation of Nigeria (AMCON) at the weekend tookover an asset belonging to Dr. John Warimeme Abebe, the Chief Promoter of Inducon Nigeria Limited over…
