Tag Archives: AMCON

The Chairman of Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye on Wednesday in Abuja disclosed plans by the commission to collaborate with Asset Management Corporation of Nigeria (AMCON) towards the recovery of N5trillion owed AMCON by obligors.

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The Chief Judge of the Federal High Court, Hon. Justice A.A. Kafarati has again reminded the nation that the success of Asset Management Corporation of Nigeria (AMCON) in the discharge of its recovery mandates would only be enhanced if other safety net players and stakeholders, which include the judiciary effectively play their respective roles.

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Managing Director and Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has again reiterated that the over N5trillion bad debts, which Nigerians expect AMCON to fully recover before its sunset should be seen as a collective problem that concerns all Nigerians irrespective of their socio-political, ethnic and cultural ideologies.

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The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri in Abuja said the House of Representatives of the Federal Republic of Nigeria will in the next one or two weeks present the Asset Management Corporation of Nigeria (AMCON) Amendment Bill before the House of Representatives. The bill is seeking to further empower and …

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Years after the initial debtors list was released by the Asset Management Corporation of Nigeria (AMCON), the corporation has released the list of delinquent debtors who have failed to meet it at the negotiation table, all 105 of them owing a total of N906.109 billion. Capital Oil and Gas Industries Limited owned by Ifeanyi Ubah, NICON Investments Limited owned by …

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The Asset Management Corporation of Nigeria has said it wants a quick sale of Polaris Bank, the lender created to take over the assets and liabilities of the failed Skye Bank Plc. The Chief Executive Officer, AMCON, Ahmed Kuru, in an interview with Bloomberg in Lagos, said the divestment would be quick as the agency had met with the management …

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The senate has confirmed Muiz Banire as chairman of the governing board of the Assets Management Corporation of Nigeria (AMCON). Banire, a senior advocate of Nigeria (SAN), was nominated for the position by President Muhammadu Buhari in July. The former legal adviser of the ruling All Progressives Congress (APC) was confirmed after a report was presented by Rafiu Ibrahim, chairman …

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The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Adebayo Ibrahim, has said that Nigeria can be made great again, if the legislature as a matter of urgency empowers the Asset Management Corporation of Nigeria (AMCON) to go after recalcitrant obligors. He said that is the only way AMCON can meet its mandate of achieving the …

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The Asset Management Corporation of Nigeria (AMCON) has said there will be no more room for negotiation with its debtors, declaring that it  is set for a new stage. This new stage, according to AMCON, would involve complete take-over of the assets of its chronic debtors. The Managing Director and Chief Executive Officer of AMCON, Mr. Ahmed Kuru, who disclosed in …

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In a bid to settle out of court the debt of N42billion,Asset management Corporation of Nigeria AMCON and MRS Holding limited has filed terms of settlement before a Federal High court in Lagos south west Nigeria. MRS Oil and Gas Company limited and its subsidiaries are primary obligors under a syndicated loan facility in the sum of $40million availed to …

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