Tag: Asset Management Corporation of Nigeria (AMCON)

The AMCON announced last year that it had taken over 12 properties belonging to Mr Jimoh Ibrahim and his firms.

The confirmation of both nominees followed consideration of two separate reports of the Senate Committee on Banking, Insurance and Other ...

The debtors represent 80 per cent of the N4.4 trillion of the total outstanding debt to AM ON.

She succeeds the erstwhile MD/CEO, Nnamdi Okonkwo who retired on December 31, 2020

AMCON has seized 12 properties from Mr Ibrahim, including the buildings of NICON Investment Limited.

"If at sunset AMCON is unable to recover the huge debt of over N5trillion, it becomes the debt of the ...

Historically, aviation industry in Nigeria has been fraught with many challenges, an official said.

The Asset Management Corporation of Nigeria (AMCON) took over Arik Air in February 2017.

Last August, the federal government inaugurated an inter-agency committee to recover the N5 trillion debts owed AMCON.

The official said the revenue challenge the government is facing spurred the Buhari government to effect changes in key revenue ...

Other board members of the FIRS were also confirmed.

Nigerian senators last week commenced the amendment of the law that allows for the discrimination against women in the Nigeria ...

The president communicates the changes in a letter to the Senate Tuesday.

Mr Kuru says those who are still operational are struggling for survival due to overbearing charges and taxation by regulatory ...

Mr Omokore has links with the former Petroleum Resources Minister, Diezani Alison-Madueke, who is also wanted for corruption.

All persons affected by the judgment and enforcement were directed to contact AMCON through its solicitors or its receiver/manager.

AMCON pegs outstanding debts from various obligors at over N5 trillion.

Mr Mohammed says nobody can intimidate Justices of the court.

According to AMCON, the three Babalakin companies owe the government N49 billion in total.

The FHC chief judge also sought support for AMCON.

The corporation says it has only AMCON recovered about N700 billion.

AMCON says it has restructured its internal processes in anticipation of better outcomes.

The Corporation says it has recovered an average of about 37 per cent of what it is supposed to recover

The marketers say the debt is killing their operations.

An official says the Corporation has a 'stockpile of asset' it was finding difficult to dispose.