AMCON Vs Arik case: Lest we forget the facts of the matter, By Jude Nwauzor
In as much as the current Executive Management of the Asset Management Corporation of Nigeria (“AMCON” or “Corporation) has taken ...
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In as much as the current Executive Management of the Asset Management Corporation of Nigeria (“AMCON” or “Corporation) has taken ...
![Heyden Petroleum fuel station [PHOTO CREDIT@Heydenpetofficial]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2024/11/EyY3gV_WgAY5tiy.jpeg?resize=350%2C250&ssl=1)
“Given this latest development, AMCON has formally discontinued its pending litigation against Heyden Petroleum Limited, particularly Suit No. FHC/AMC/67/2024”
"To date the corporation has made recoveries of about N1.6 trillion, which include recoveries in cash and sale of assets," ...
The case of Geedee Zulu Investment Limited and its promoters have been interminable since the loan was purchased by AMCON ...
“We would advertise for expressions of interest from investors after elections and commence the sale process.”
Corporation says recovery of the debts would go a long way in boosting the economy of Nigeria.
The debtors owe about 80 per cent of AMCON’s N4.8trillion debt obligations.
The Nigerian government once held 96.05 percent share in the paper.