Tag Archives: AMCON

The Deputy Governor of Yobe State, His Excellency, Engineer Abubakar Aliyu has said a lot still needs to be done in the areas of rehabilitation, reconstruction, resettlement and reintegration of thousands of Internally Displaced Persons (IDPs) in Yobe and other northeastern states that were ravaged by the activities of the Boko Haram activities in the northeast. Aliyu, who spoke in …

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Asset Management Corporation of Nigeria (AMCON) yesterday in Biu Local Government Area of Borno State commenced the second tranche of the distribution of educational materials for children; foods and other support items for families of Internally Displaced Persons (IDPs). The programme is part of ongoing AMCON intervention exercise to three northeastern state that were worst hit by the activities of …

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Former Nigerian President, Chief Olusegun Obasanjo, GCFR, at the weekend presented Asset Management Corporation of Nigeria (AMCON) with the Special Recognition and Commendation Award for Excellence in Banking, at the BusinessDay Banking Awards 2017, which held in Lagos. The management of Businessday newspapers, led by the Publisher, Mr. Frank Aigbogun said that agencies, regulators, microfinance banks, deposit money banks, investment …

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The Asset Management Corporation of Nigeria (AMCON) has said at least 350 individuals in the country currently owe banks N2.5 trillion. Managing Director/Chief Executive Officer of AMCON, Mr. Ahmed Kuru, disclosed this at a Retreat for House of Representatives Committee on Banking and Currency in Enugu yesterday. He told the committee members that the corporation’s recent assessment of obligors as at …

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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 …

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  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 …

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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 …

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