The Asset Management Corporation of Nigeria (AMCON), has taken over assets belonging to Aeroland Travels Limited and its directors, over indebtedness of N1.8 billion. AMCON spokesperson, Jude Nwauzor, who disclosed this in a statement, said the...
The Managing Director of the Asset Management Corporation of Nigeria, Ahmed Kuru, says the agency has recovered over N1tn from bank debtors and restored over 4,000 business relationships since its inception in July 2010. Kuru, who...
A Federal High Court in Abuja has issued an order to commence committal proceedings against the Managing Director of the Assets Management Company of Nigeria (AMCON), Ahmed Lawal Kure, over alleged seizure of NICON Insurance...
The Assets Management Corporation of Nigeria (AMCON) has appointed Kunle Ogunba as a new Receiver Manager (RM) for the Ibadan Electricity Distribution Company (IBEDC) Ltd. The Chief Operating Officer (COO), John Ayodele confirmed the development in a memo...
The Asset Management Corporation of Nigeria is set to publish the names of 7,912 debtors owing it a total of N4.4tn, according to the 30-day ultimatum given by the National Assembly to debtors to regularise...
The Central Bank of Nigeria, CBN, has approved the appointment of Ahmad Abdullahi as non-executive director of First Bank Holding Plc and chairman of the company to replace Mr Remi Balalola. Babalola resigned yesterday for reasons...
The court of appeal, Lagos division, has dismissed an appeal by Jimoh Ibrahim, a Nigerian businessman, challenging the seizure of his assets by the Asset Management Corporation of Nigeria (AMCON) over N69.4 billion debt. Jude Nwauzor,...
The senate committee on banking, insurance and other financial institutions says some prominent Nigerians are frustrating the recovery efforts of Asset Management Corporation of Nigeria (AMCON). The committee decried the negligence of prominent Nigerians to recover...
President Muhammadu Buhari has signed the Climate Change Act and the Asset Management Corporation of Nigeria (Amendment) Act recently passed by the National Assembly into law. Both bills have now become part of the laws of the...
A federal high court in Abuja has made an interim order freezing bank accounts of the Benue state government over its involvement in securing a “N333 million loan” in 2008. Inyang Ekwo, the presiding judge, gave...