AMCON: Like Biafran cassava and Nigerian generator
Acute hunger was our inseparable companion during the Biafran war of independence. Nothing could be imported while local farming and production were at ground zero because almost everybody was a refugee and the ‘kind-hearted’ Nigerian soldiers (who treated soldiers as brothers but brutally dealt with civilians.....
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 to sell its shares in Aero Contractors
Asset Management Corporation of Nigeria (AMCON) has confirmed plans to sell its shares in Aero Contractors airlines.
Union Homes battles AMCON over seized property
Asset Management Corporation of Nigeria (AMCON) is battling Union Home over property allegedly belonging to former minister of aviation, Senator Stella Oduah-Ogiemwonyi.AMCON has through a court order seized several property belonging to companies Sea Petroleum Oil and Gas Group Limited and placed under receivership.
AMCON loses battle over Lagos Federal Secretariat Complex
Six years after fierce legal battle between the Asset Management Corporation of Nigeria (AMCON), Wale Babalakin and one of his companies, Resort International Limited over the soul of the Federal Secretariat Complex, Ikoyi, Lagos, the matter has been resolved in favour of the defendants. AMCON and Babalakin have been in a legal battle for the…
AMCON plans ‘name and shame’ for politically exposed debtors
The quest for debt recovery by the Asset Management Corporation of Nigeria (AMCON) would soon test the option of “name and shame,” especially for the Politically Exposed Persons (PEPs), just as elections draw near.
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 seeks support for human capital, tech development
Asset Management Corporation of Nigeria (AMCON) has called for the support of the present leadership in sustaining the improved attention to human capital development, science and technology. The nation’s “bad bank” said the support would serve as a way of moving the Nigerian economy away from a resource-based one to a knowledge-based model. The Managing…