Polaris Bank takes over Skye Bank with N786b fresh capital
From Monday, September 24, all branches of Skye Bank Plc would wear a new identity, known as Polaris Bank Limited, as the latest take over of distressed financial institution in the country.
Role of the humanities in national greatness
A lecture delivered by Prof. Iyorwuese Hagher during the First Eminent Persons Lecture series organised by Prof. Nnanyelugo Okoro, Dean Faculty of Arts, University of Nigeria, Nsukka. It is a rare privilege, an honour and pleasure to be here today at the invitation of this great university, a university conceived as the intellectual engine to…
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…