Asset Management Corporation of Nigeria
5 Sep 2022
With the performances of companies indebted to the Asset Management Corporation of Nigeria (AMCON) falling below par, even as they struggle to find their feet amid endless litigations, the corporation is on the verge of losing the money spent repurchasing toxic assets from troubled banks and other entities.
22 Jul 2022
Barely a month after operators raised the alarm about the imminent collapse of three local carriers, the prediction perhaps has its first casualty in Aero Contractors airline.
11 Apr 2022
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 2021
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
Latest
12 mins ago
The Trade Union Congress of Nigeria (TUC) has urged President Bola Ahmed Tinubu to treat the issue of subsidy removal with caution. In his inaugural speech at the Eagle Square in Abuja on Monday, Tinubu declared that the era of subsidy payment on fuel has ended. He added that the 2023 Budget made no provision…
35 mins ago
Former leader of Afenifere, pa Reuben Fasoranti, has advised President Bola Tinubu to select a competent team of men and women with impeccable character, noting that there will be no excuse for failure. Fasoranti stated this on Tuesday in a congratulatory message to President Tinubu. He warned Tinubu not to leave any room for failure…
39 mins ago
Osun State Governor Ademola Adeleke has threatened to close fuel stations hoarding petrol. Adeleke said in a statement by his spokesperson Olawale Rasheed on Tuesday said inhumane treatment of people will not be tolerated. “Any fuel station found guilty of hoarding fuel to create artificial scarcity shall be sealed off and operators prosecuted for crime…
47 mins ago
The Vice President, Senator Kashim Shettima, on Tuesday assured Nigerians that President Bola Ahmed Tinubu administrations means well for the country with better years ahead under their administration. Shettima on his first day of resumption arrived the Vice President's wing of the State House in Abuja on Tuesday at 12.39pm. The president was welcome by…
1 hour ago
A Moscow court on Tuesday refused to release a theatre director and a playwright detained over their award-winning play about Russian women recruited online to marry radical Islamists in Syria. Director Yevgeniya Berkovich and author Svetlana Petriychuk are accused of "justifying terrorism" and face up to seven years in prison over their play "Finist, the…