Tag Archives: AMCON

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.

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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.

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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.

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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.

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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.

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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.

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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. 

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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.

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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.

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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.

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