Lawmakers renew plan to empower AMCON for debt recovery
Tougher times may be fast approaching for the multi-trillion naira debtors of the Asset Management Corporation of Nigeria (AMCON), as the nation’s lawmakers, at the weekend...
AMCON to seize assets of debtors, says negotiation time over
The Assets Management Company of Nigeria (AMCON) has said that there will be no more room for negotiation with obligors as the company is now set for a new stage which is complete assets take-over.
AMCON recovers N740bn from debtors in 2017 – Kuru
Mr Ahmed Kuru, the Managing Director, Asset Management Corporation of Nigeria (AMCON) on Friday said the corporation recovered N740 billion from debtors in 2017. Kuru stated this at a news conference...
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 solicits patronage for rescued PAN Nigeria
To sustain the successes recorded by the rescued PAN Nigeria Limited and assessed local content in its operations, the Asset Management Corporation of Nigeria (AMCON) has called for collective patronage of its range automobiles.
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...
350 persons still owe AMCON N2.5 trillion
The debt concentration in the books of Asset Management Corporation of Nigeria (AMCON) remains heavy in few hands, as the agency indicated that 350 persons owe it N2.5 trillion.
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.