Ahmed Lawan Kuru
Jury, AMCON seek profiling of N5tr debtors with new law
Justice C.M.A. Olatoregun of the Federal High Court, at the weekend, called on the Management of Asset Management Corporation of Nigeria (AMCON) to adopt a new strategy and partner other sister agencies of the government to stop its debtors from contesting elections in the country, thereby gaining access to political positions.
Jurists prescribe dispute resolution for AMCON’s N5tr debt portfolio
Nigeria’s leading jurists, at the weekend, urged the Asset Management Corporation of Nigeria (AMCON) to explore the opportunities offered in Alternative Dispute Resolution (ADR) centres established by the Federal High Court in managing its debts.
AMCON takes over Micmerah International Agency over N1bn debt
A Federal High Court sitting in Awka, the Anambra State capital, in Suits Nos. FHC/AWK/CS/101/2018, and FHC/AWK/CS/102/2018, has ordered the Asset Management Corporation of Nigeria....
AMCON seeks reintroduction of Failed Bank Act
Worried by the resurgence of huge toxic loans in the banking sector, the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, yesterday, in Lagos, called on the financial regulators to revisit the Failed Bank Act, to make bankers accountable for their actions.
ABYCN honours AMCON chief
The Sir Ahmadu Bello Youth Council of Nigeria (ABYCN), has presented the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria...
AMCON decries declining N5 trillion assets, gets new board
The Asset Management Corporation of Nigeria (AMCON) at the weekend decried the falling value of its N5 trillion assets, stating that their current worth might not exceed N1 trillion owing to the toxic nature of banks’ belongings. Its Managing Director, Ahmed Lawan Kuru, who spoke at the inauguration of the new Muiz Banire-led board by…
AMCON charges partners to recover N740 billion debt
The Asset Management Corporation of Nigeria (AMCON) has pledged its support to efforts at recovering the N740 billion out of the N3.7 trillion total debt portfolio in the hands of the obligors.
AMCON Amendment Bill ready soon, say Reps
Efforts to empower the Asset Management Corporation of Nigeria (AMCON) in its debts recovery efforts got a lift on Tuesday, as the Amendment Bill to give...
NSITF honours agencies for compliance with compensation scheme
The Nigeria Social Insurance Trust Fund (NSITF) has given awards to the Asset Management Corporation of Nigeria (AMCON), the Central Bank of Nigeria (CBN), and other organisations in recognition for their compliance with the provisions of the Employees’ Compensation Scheme (ECS). While presenting the award to the Managing Director and Chief Executive Officer of AMCON,…