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 takes over multi-billion naira properties over alleged indebtedness
The Asset Management Corporation of Nigeria (AMCON) has taken over multi-billion naira properties in Lagos, Ogun and the United Kingdom, following an alleged N4,680,343,681 bank debt.
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.
Arik, Aero may merge as national carrier
A likely merger and conversion of assets of Arik Air and Aero Contractors is one of the options being considered by the Federal Government (FG) in the buildup to a new national carrier for the country.
Court orders DSS to produce Ifeanyi Ubah May 12
A Federal High Court in Lagos, yesterday ordered the Department of State Services (DSS) to bring the detained Chief Executive Officer of Capital Oil and Gas, Dr. Ifeanyi Ubah to court on May 12.
AMCON injects N1.5bn in Arik Air
The Asset Management Company of Nigeria (AMCON) has injected N1.5 billion in Arik Airline Ltd to safeguard its operations since its takeover.
NASFAT youth brainstorm on ‘bridging the gap’
The Youth Wing of Nasrul-Lahi-L-Fatih Society (NASFAT) worldwide at its just concluded 12thInternational Youth Conference at Ede, Osun State, Nigeria resolved that for our nation`s youth...
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.