AMCON, the most important weapon set up to avert economic collapse, says Ahmed Kuru
With more than N3.7trillion depositors’ money under threats, in addition to over 14,000 jobs while 12 banks were on the brink of total collapse, the Asset Management Corporation of Nigeria (AMCON), was set up to come to the rescue and stabilise the economy. But with about six years winding down, there are concerns about the…
AMCON takes over firm
Justice Saliu Saidu of the Federal High Court Lagos Division has granted an injunction against Osigwe Foods and Agro Industrial Company Limited, owned by Chief Anselm Kayode Mohammed...
Ezekwesili, Ekpo, Baru, Kuru, Olagunju to attend Realnews fifth anniversary lecture
The panellists are the Managing Director/Chief Executive Officer of the Assets Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, the Executive Director, Bank of Industry (BOI), Mr. Waheed Olagunju and...
Kuru becomes fellow of IoD
The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has been admitted as a Fellow, Institute of Directors (IoD), at the Institute’s 2017 5th biennial presidential lecture in Lagos.
AMCON recovers N134b in 2016
Meanwhile, it also said it is nearing the completion of the sale of Peugeot Automobile Nigeria (PAN) Limited.The move, which is part of AMCON’s strategies to recover huge debt in its books, would see the local car assembly being off-loaded to local investors.
AMCON recover N134bn in 2016
Asset Management Corporation of Nigeria (AMCON) recovered N134 billion in 2016, according to Mr Ahmed Kuru, the Managing Director/Chief Executive Officer.
AMCON promises to ensure success of asset management programme
The Asset Management Corporation of Nigeria (AMCON), has called on the Asset Management Partners (AMPs), to take their assignments seriously, as those that performed creditably well stand the chance of having their portfolio increased in the second batch.
Lawmakers order AMCON to return all wrongly packaged debts to banks
The House of Representatives members has ordered the Asset Management Corporation of Nigeria (AMCON) to return all Non-Performing Loans (NPLs) that were contracted unprofessionally to the banks.
AMCON retrieves N681 billion from ‘chronic debtors’
The Asset Management Corporation of Nigeria (AMCON) has recovered over N681.5 billion from chronic debtors in the last six years.The Managing Director of AMCON, Alhaji Ahmed Kuru disclosed this to the News Agency of Nigeria in Abuja yesterday during an interactive...