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Asset Management Corporation of Nigeria

11 Apr
Failed bid by the Asset Management Corporation of Nigeria (AMCON) to float a new airline, NG Eagle, from assets of Arik Air, has incurred losses of about N22 billion in the last seven months...
11 Dec
The Court of Appeal, Lagos Division, has dismissed the appeal filed by the Chairman of Global Fleet Group, Mr. Jimoh Ibrahim, challenging the seizure of his 12 assets and freezing...
10 Nov 2021
Justice Tijjani Ringim of the Federal High Court, Lagos, has frozen the accounts of two defendants - Adeniyi Adeoye and Mopelola Adeoye - in all banks over their alleged N212,112,792.36 debt
19 Oct 2021
The Asset Management Corporation of Nigeria (AMCON) has sought laws to back debt recovery in Nigeria with a view to strengthening the nation’s financial system.
8 Oct 2021
About five years after its takeover, Aero Contractors has shown signs of rebound with the acquisition of two Airbus 320 aircraft.
1 Mar 2021
Asset Management Corporation of Nigeria (AMCON) was established by law in 2010 to buy bad debts from banks using Treasury Bill’s money in order to stabilize the country’s financial institutions.
17 Feb 2021
A federal High Court, Lagos, has declined to vacate an interim order through which the Asset Management Corporation of Nigeria (AMCON) seized property belonging to a businessman, Jimoh Ibrahim
8 Dec 2020
President Muhammadu Buhari has re-nominated Ahmed Kuru as Managing Director and Eberechukwu Uneze as well as Aminu Ismail as Executive Directors of the Asset Management Corporation of Nigeria
25 Aug 2020
The Asset Management Corporation of Nigeria (AMCON), has taken over assets belonging to Northrich Technologies Limited, and its promoters, over a N500million debt
14 Jul 2020
The Asset Management Corporation of Nigeria (AMCON) has taken over debtor’s properties and lands in Lekki, Lagos over N9.8billion owed to the federal government.
26 Jun 2020
For allegedly failing to pay a debt of N9.8 billion, the Asset Management Corporation of Nigeria (AMCON) yesterday moved against debtors by seizing their multi-billion naira properties
17 Oct 2019
The debt portfolio, under the Asset Management Corporation of Nigeria (AMCON) may escalate to N6.6 trillion by 2024, if left unchecked, as the “bad bank” still owes the Central Bank of Nigeria (CBN) N4.5 trillion while battling with N1.7 trillion Assets Under Litigation.

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