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Court orders Victor Umeh to pay N136m debt owed Skye Bank...

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A Federal High Court sitting in Abuja has ordered Senator Victor Umeh to pay about N136 million to the Asset Management Corporation of Nigeria...

AMCON recovers over N1.8trn debt

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The Asset Management Corporation of Nigeria (AMCON) has so far recovered over N1.8 trillion previously held as debt. The corporation’s managing director/chief executive officer Ahmed...

Arik’s case not irredeemable, owners must present resolution strategy that makes...

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Managing director and chief executive officer of the Asset Management Corporation of Nigeria (AMCON) Ahmed Kuru has said the challenges facing Arik Air are...

Appeal Court halts Polaris Bank, AMCON sale of Lagos hotel

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A Court of Appeal sitting in Lagos has stopped the sale of Intercontinental Hotels, Lagos by Polaris Bank and Asset Management Corporation of Nigeria...

CBN, AMCON sell Polaris Bank to new investor

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The Central Bank of Nigeria (CBN) and the Asset Management Corporation of Nigeria (AMCON) on Thursday announced that Strategic Capital Investment Limited (SCIL) has...

N727m debt: Court orders AMCON to take over Babatunde Folawiyo’s assets

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A Federal High Court in Lagos has granted an order for the Asset Management Corporation of Nigeria (AMCON) to take over the assets of...

EFCC quizzes AMCON MD Ahmed Kuru

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The Economic and Financial Crimes Commission (EFCC) on Wednesday interrogated the managing director of Assets Management Company of Nigeria (AMCON) Ahmed Kuru. It was gathered...

N924m debt: Court fines Nwankwo Kanu, hotel N30,000 for delaying proceedings

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A Federal High Court in Lagos on Friday fined ex-international Nwankwo Kanu and his hotel Hardley Apartment N30,000 for stalling the scheduled hearing of...

Court freezes Benue govt, firm’s bank accounts over debt owed AMCON

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A Federal High Court, Abuja has ordered that all bank accounts of Benue State Government in specified banks in Nigeria be frozen following its...

AMCON seizes ex-Kwara gov Abdulfatah Ahmed’s houses over N5bn debt

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The Assets Management Corporation of Nigeria (AMCON) has taken over assets belonging to former governor of Kwara State Abdulfatah Ahmed over N5 billion debt. AMCON...