Tag: Asset Management Corporation of Nigeria (AMCON)

More than 100 CSOs including groups such as Yiaga Africa, ActionAid Nigeria, CLEEN Foundation, Media Rights Agenda, and Accountability Lab ...

The defunct Skye Bank Plc (now Polaris Bank Plc) had advanced a credit facility to Milan Industries Limited for the ...

General Hydrocarbons contends that AMCON misrepresented facts when it claimed the existence of an Eligible Bank Asset issued to the ...

The receiver manager appointed by AMCON says his appointment and actions are backed by law.

The Tinapa project reportedly cost over $350 million. Its free trade zone has facilities like a shopping mall, a business ...

Regrettably, despite 14 years of its existence, AMCON still carries massive loans in its portfolio put at circa N5 trillion, ...

This decision was revealed by the Managing Director/Chief Executive Officer of AMCON, Gbenga Alade, on Monday.

"AMCON is a responsible agency of the Federal Government of Nigeria that carries out its operations within the ambit of ...

“I was traumatised and the journey began. I almost committed suicide,” Mr Bayo said.

The Federal High Court in Lagos had ordered the takeover of the company’s property by AMCON for not paying the ...

The senators said AMCON was not proactive in recovering liabilities totalling N5 trillion.

Unity Bank’s foreign exchange revaluation loss for the period stood at N35.4 billion, compared to N16.2 million a year earlier.

The court also ordered AMCON to take all necessary steps to realise the assets of the obligor

The new board will be led by the existing chairman M K Ahmad, who will be joined on the board ...

Strategic Capital Investment Limited emerged the preferred bidder for the lender, the CBN said in a statement late Thursday.

The lawmakers say there was a need to ensure that the divestment in the bank did not jeopardise the core ...

The operators said they are struggling to maintain their aircraft as fuel now takes over 115 per cent of operation ...

The leadership of the House of Representatives is to meet CBN, AMCON and others over failure to defend 2022 budgets.

Mr Ahmed says the action was needless because there are "ongoing talks to resolve previous transactions with two defunct banks."

AMCON said in a statement Wednesday that the action followed the order of Justice A.M. Liman of the Federal High ...

The expert argued that the move would insulate the banking sector against reckless borrowers and recalcitrant debtors.

Mr Chike-Obi is a former AMCON head and was appointed to the Board of Fidelity Bank Plc in August 2020.

The AMCON boss was once quoted to have made the call for the resurrection of the Failed Banks Tribunal. I ...

Something seemed to have broken in First Bank fundamentally, if some of the stories we hear are anything to go ...

A representative for the residents said AMCON is reselling the disputed properties in a "clandestine" manner and encouraging the buyers ...