Tag: AMCON
AMCON intensifies recovery efforts, enlists international asset tracers
In a move designed to recover outstanding debts of nearly N5trillion, the Asset Management Corporation of Nigeria (AMCON) says it would engage international asset...
AMCON remains focused despite sponsored and unfounded media attacks
By Jude Nwauzor
Hard as some recalcitrant obligors raise false alarms meant to incite the public against the Asset Management Corporation of Nigeria (AMCON) by...
Court orders Victor Umeh to pay N136m debt owed Skye Bank...
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
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...
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
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
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
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
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
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...