AMCON Archives - Page 2 of 5

Court Discharges Order Freezing Tee Mac Omatshola’s Bank Accounts

July 16, 2022 0

A Federal High Court sitting in Lagos south west Nigeria has discharged the order freezing the bank accounts of former president of Performing Musicians Employers Association of Nigeria, Dr Tee Mac Omatshola Iseli.

AMCON Takes Over NICON Insurance And Nigeria Reinsurance Corporation

July 27, 2021 0

The Asset Management Corporation of Nigeria (AMCON) has taken over the major interests in NICON Insurance Limited and the Nigeria Reinsurance Corporation (Nigeria Re) which are assets seized from businessman, Jimoh Ibrahim, over a N69.4 billion debt.

Company Initiates Contempt Proceeding Against AMCON Boss Ahmed Kuru..

July 24, 2020 0

A limited liability company Global sterling products Limited has filed a notice of consequences of disobedience to order of the court against the Managing Director of Assets Management Corporation of Nigeria AMCON Ahmed Kuru and one Lanre Olaoluwa for allegedly disobeying the order of a Federal high court in Lagos.

AMCON Takes Over 72 Luxury Flats In Lagos

March 7, 2020 0

The Asset Management Corporation of Nigeria (AMCON) on Friday in Lagos State clampdown on the properties of 12 debtors owing the Federal Government N8.4billion.

N5 Trillion Debts: Senate, AMCON Move Against VIP Defaulters

November 22, 2019 0

Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani has said that the committee had resolved to join hands with the Asset Management Corporation of Nigeria to push for the recovery of N5 trillion debts owed by high profile Nigerians.

AMCON Takes Over Assets of Former Minister, Ademola Seriki Over N1Billion Debt

November 19, 2019 0

Following the order of Hon. Justice Chuka Austine Obiozor of the Federal High Court, Lagos, the Asset Management Corporation of Nigeria (AMCON) has taken over two properties belonging to Hon. Ademola Seriki, in Lagos and Abuja over an outstanding staggering indebtedness of nearly N1billion.

AMCON Seeks N4.2billion Judgement Against AL Kahf Resources Company Boss.

October 8, 2019 0

Asset management corporation of Nigeria has filed an application before a Federal high court in Lagos south west Nigeria, urging the court to enter judgement in its favour in the sum of N4,282,918,018.43 and against a business man Alhaji Badamasi Sheu and his company Al Kahf Resources limited.,

N32 Billion Debt: Court Orders AMCON To Take Over Properties Of Hometrust Savings & Loans Boss

September 24, 2019 0

A Federal high court sitting in Lagos south west Nigeria has granted an order of possession of seven choice properties scattered across Lagos island in Lagos state belonging to a Lagos businessman Samuel Olufunmilayo Ademosun and his wife Toluleke Ademosun to Asset Corporation of Nigeria AMCON pending the hearing and determination of the debt recovery suit filed against them by AMCON

N3.6bn Debt: AMCON Takes Over Firm’s Assets

August 5, 2019 0

The Asset Management Corporation of Nigeria has taken over Bao Yao Futurlex Iron & Steel Company Limited in Abuja and Bao Yao Huan Jian Iron & Steel, Calabar, Cross River State.

Ministers, Lawmakers Top List Of Debtors Owing N5t — AMCON

July 25, 2019 0

The Asset Management Corporation of Nigeria has said some prominent Nigerians, including Lawmakers and Ministers, topped the list of those that accumulated debts of over N5 trillion it was grappling with.