…. Files stay of execution of Appeal Court’s judgment The 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…
Sen. Uba Sani, Chairman, Senate Committee on Banking, Insurance and other Financial Institutions has decried that prominent Nigerians were “frustrating” the effort of the Asset Management Corporation of Nigeria (AMCON) at recovering the N4.4 trillion owed the corporation. He stated…
The Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON) at the weekend won the maiden edition of the New Telegraph Newspapers “Public Integrity Award 2021.” The organisers said the AMCON Boss was selected from a large poll…
In another deft strategy to intensify its debt recovery drive in the country, the Asset Management Corporation of Nigeria (AMCON) has submitted a list containing its top 1,000 obligors to the National Assembly. AMCON made the exposé to members of…
The Asset Management Corporation of Nigeria (AMCON) has appointed itself as receiver/manager over all assets of the Integrated Energy Distribution and Marketing Limited, core investor in Ibadan Electricity Distribution Company (IBEDC). This was confirmed in a public notice, which was…
Sequel to the order of Honourable Justice I. E Ekwo of the Federal High Court, Abuja, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Alhaji Buhari Abdulfatai, Chief Promoter of Abadat Ventures Limited over an…
The Asset Management Partners (AMPs) scheme of the Asset Management Corporation of Nigeria (AMCON) may have resolved to change their recovery strategy by making use of AMCON’s special powers as contained in the AMCON Act 2019 as amended, which has…
Five years after the Asset Management Corporation of Nigeria (AMCON) launched the Asset Management Partners (AMPs) scheme, the Managing Director/CEO of AMCON, Mr Ahmed Kuru at the weekend described the initiative as a major tool in the recovery efforts of…
