Tag Archives: AMCON

The Asset Management Corporation of Nigeria has recovered N681.5bn of non-performing loans in the last six years of its existence, the Managing Director/Chief Executive Officer of the corporation, Mr Ahmed Kuru, has said The recoveries, he said, were made from debtors in the form of cash, properties and shares. AMCON was set up in 2010 to absorb banking sector-wide NPLs …

Read More »

  The Asset Management Corporation of Nigeria (AMCON) has employed the services of an auditing firm, KPMG, to look critically into the finances of Arik Air, which it took over last week, to determine its true financial status.   This came after the immediate past President of the Aviation Round Table (ART), Capt. Dele Ore, insisted that the airline’s problems …

Read More »

Senate Set To Strengthen AMCON’s Debt Recovery Drive The Chairman of Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim yesterday in Uyo hinted that the time would soon run out on recalcitrant obligors of Asset Management Corporation of Nigeria (AMCON), given the renewed commitment of the Senate to build strategic collaborations that would develop greater capacity …

Read More »