The Assets Management Corporation of Nigeria (AMCON) has taken over some houses belonging to former Governor Abdulfattah Ahmed of Kwara State over a N5 billion debt. The property is located at No. 9A Abdulrazaq Street, GRA,...
The National Insurance Commission (NAICOM) has approved the new boards and managements of NICON Insurance Limited and Nigeria Reinsurance Corporation (Nigeria Re), following the takeover of the two firms by the Asset Management Corporation of...
The Asset Management Corporation of Nigeria (AMCON) has recovered N1.48 trillion from debtors, according to its Managing Director, Ahmed Kuru. He said the amount was recovered out of the N4.158 trillion owed to the corporation. Kuru,...
The Asset Management Corporation of Nigeria, AMCON, says it has taken over assets of Oyo North lawmaker, Senator Abdulfatai Buhari, over a N600m debt owed by his company, Abadat Ventures Limited. AMCON said in a statement...
After controversy generated by members opposed to it, the Senate, on Wednesday, passed the Asset Management Corporation of Nigeria (AMCON) Amendment Bill. It followed the consideration of a report by the Committee on Banking, Insurance, and...
The Asset Management Corporation of Nigeria (AMCON) has asked for the establishment of a special tribunal for timely recovery of N5.4 trillion debt. It also seeks the National Assembly to be accommodated in the provisions of...
The Asset Management Corporation of Nigeria (AMCON) is working on floating a Holding Company (HoldCo) structure that will enable it warehouse and sell aviation assets for strategic exit from the sector. A top executive of the...
The Asset Management Corporation of Nigeria (AMCON) says it has repaid N2 trillion out of its N4.7 trillion commitment to the Central Bank of Nigeria (CBN). Speaking on the corporation’s focus in his new five-year term,...
The Asset Management Corporation of Nigeria has announced the takeover of over 13 prime assets linked to Centage Savings and Loans Limited and its Chief Promoter, Johnson Ndukwe, over an indebtedness of over N3.5bn. It said...
The Asset Management Corporation of Nigeria (AMCON) has taken over properties belonging to 14 former directors of the Deap Capital Management and Trust Plc over their company’s N1.6 billion indebtedness. The seizure was in line with...