AMCON Archives - National Wire

AMCON Drags Christopher Alabi, Five Others To Court Over Unpaid N6.5 Billion Debt

November 1, 2023 0

In a bid to recover a debt of N6,516,183,686.23, Assets Management Corporation of Nigeria,AMCON has dragged former Director of Intercontinental bank Plc Christopher Adebayo Alabi who is also the managing Director in Caronc Investments limited and group chairman of Caronc Holdings and five others before a Lagos division of Federal high court.

AMCON Seeks Summary Judgment Against Vanquish Investment Company, Two Of It’s Directors

September 22, 2023 0

Assets management corporation of Nigeria AMCON has filed an application before a Federal high court sitting in Lagos seeking the order of the court granting summary Judgement in its favour and against a limited liability company, Vanquish Investment Limited, and two Directors of the company Olugbenga Adesanya and Esther Adesanya.

Court Set Aside Scintilla Company’s Property Sold By AMCON In Disregard Of Court Order

March 1, 2023 0

A Federal high court sitting in Lagos south west Nigeria has set aside the sale of a limited liability company's property by AMCON while a debt recovery suit is still pending against the company.

AMCON Drags SCINTILLA Company Boss To Court Over Unpaid N467Million Debt

February 6, 2023 0

Assets management Corporation of Nigeria AMCON has dragged a Lagos business man Mike Chukwu alongside his company Scintilla Limited company before a Federal high court sitting in Lagos south west Nigeria,over alleged failure to repay a loan of N467,329,810.95.

N7.3Billion Debt: Dana Motors, AMCON Settle Out Of Court

January 25, 2023 0

In a bid to reach amicable out of court settlement,Dana motors and it's Chairman Ramesh Hathiramani and AMCON have filed terms of settlement before a Federal high court sitting in Lagos south west Nigeria

Three Company Directors Dragged To Court Over N356.6million Unpaid Debt

December 10, 2022 0

In a bid to recover alleged debt of N356,668,241million, Asset Management Corporation of Nigeria AMCON has dragged a limited liability company, Equip & offshore International Limited and three of it's Directors before a Federal high court in Lagos

N1.014billion Judgement Sum :Court Set Aside Order Attaching AMCON Funds

November 29, 2022 0

Justice Tijjani Ringim presiding over a Federal High Court sitting in Lagos has set aside an order attaching the funds belonging to Asset Management Corporation AMCON in the custody of 24 commercial banks operating in Nigeria over alleged N1,014,701,905.52 billion debt owed a lawyer, Chief Anthony Ajibola Aribisala, SAN.

AMCON Has Outlived Its Usefulness 12 Years After Existence—ISAN

November 18, 2022 0

Shareholders in the domestic economy have frowned at the continued operations of the Asset Management Company of Nigeria (AMCON), saying its existence 12 years after in the financial sector has brought untold hardship to investors as well as incapacitating most financial institutions contributing to the growth of the real sector.

N1.5 Billion Debt:Court Orders AMCON To Take Over Properties Of Lagos Company SAMOL

October 19, 2022 0

Justice Akintayo Aluko of the Federal high court sitting in Lagos has granted an order directing Assets Management Corporation of Nigeria, AMCON to take over the assets of a Lagos company, SAMOL Limited.

Aregbesola’s Special Adviser Dragged To Court Over Unpaid Loan

July 21, 2022 0

In a bid to recover a debt of N167,242,515.22,Asset Management Corporation of Nigeria AMCON has filed a debt recovery suit against Ademola Adeyinka who is currently the Senior Special Adviser to the minister of Interior, Ogbeni Rauf Aregbesola.