AMCON Archives - National Wire

Ex-AMCON Boss Kuru Diverted Arik Air Funds To Settle Umza Airline’s Insurance Debt – Witness

February 25, 2026 0

A Special Offences Court sitting in Ikeja, Lagos, today was told that a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Lawan Kuru, allegedly diverted funds belonging to Arik Air to offset insurance liabilities owed by Umza Airline while serving as Manager Director

Beracha Lubrications Company Drag To Court Over N9.9billion Indebtedness To AMCON

September 11, 2024 0

Asset management corporation of Nigeria has dragged a private limited liability Company Beracah Lubrications Nigeria Limited before a Federal high court in Lagos over the failure of the company to pay a debt of N,9,960,479,265.

Lustre Concept Company’s Directors Dragged To Court Over Unpaid Loan

February 9, 2024 0

Asset Management Corporation of Nigeria has dragged a limited liability company LUSTRE CONCEPTS LIMITED alongside two of its Directors Mrs Bibiresanmi Adeola Olubunmi and Mr.Bibiresanmi AKinjide Olayinka before a Federal high court in Lagos over unpaid loan of N62,718,189,.40

AMCON Drags Senator Jonathan Zwingina/ Company To Court Over N38.5 million Unpaid Loan

February 7, 2024 0

A Nigerian senator, Jonathan Zwingina alongside his company Grandview Investment Limited have been dragged before a Federal high court in Lagos south West Nigeria by Asset Management Corporation of Nigeria AMCON over their inability to pay a debt of N38,590,288.50

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