AMCON Archives - Page 3 of 5

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.

AMCON, ICPC To Collaborate On Debt Recovery Drive

July 4, 2019 0

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.

Recovering N5trillion AMCON Debt, Judiciary Most Critical – Justice Kafarati

July 2, 2019 0

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.

AMCON Says N5 Trillion Debt Recovery A Challenge To All Nigerians

April 12, 2019 0

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.

Debt Recovery: AMCON Amendment Bill Ready Soon – House of Reps

November 7, 2018 0

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 …

AMCON Releases List Of 105 Delinquent Debtors

October 22, 2018 0

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 …

AMCON Wants Polaris Bank Sold In Two Years

October 11, 2018 0

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 …