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Assets Forfeiture: Jimoh Accused of Alleged ContemptBusiness mogul, Jimoh Ibrahim

By MBACHU GODWIN, Abuja Business mogul, Jimoh Ibrahim has been acussed of allegedly colliding with  a Security Organization to Circumvent a Court Order Jimoh in a bid to regain his business taken over by Assets Management Corporation of Nigeria is

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AMCON Sector Resolution Funds Collection Hits N654bn In Four Years

By Mimidoo Patrick With the growing assets due to business expansions, among other factors, Assets Management Corporation of Nigeria, AMCON,  has said between 2020 and 2017 has collected N6654billion from 12 banks operating in the country. The 12 banks are

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How Loan Defaulters Wrecked Nigerian Economy – AMCON

Charles Ebi The Asset Management Corporation of Nigeria has said that loan defaulters of Deposit Money Banks who are on its books almost crashed the Nigerian economy if not for its intervention. AMCON, an agency of the Federal Government, also

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Hurdles Before AMCON’s N5.4tr Debt Recovery Bid

Four years to its liquidation, the Asset Management Corporation of Nigeria, AMCON, is still battling to recover over N5.4 trillion debts. In eight years of its operation, AMCON has not made headway in recovering these debts. What Can AMCON do

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AMCON Seizes Egbema, Omoku Power Projects From Rockson Over Delay

The Managing Director of Niger Delta Power Holding Company (NDPHC), Mr Chiedu Ugbo, says the Assets Management Corporation of Nigeria (AMCON) has taken over Egbema and Omoku power plant projects from Rockson Engineering Limited over delays in completing them. The

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Senate Confirms Appointment Of Muiz As AMCON Chairman

The Nigerian senate Wednesday confirmed the appointment of Mr. Banire, Muiz Adeyemi Ph.D, SAN, as the Chairman of the governing board of the Assets Management Corporation of Nigeria (AMCON). This was made possible after Senate dissolved into the Committee of

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Unpaid Debt: AMCON Takes Over Sen. Oduah’s Assets

The Asset Management Corporation of Nigeria (AMCON) has taken over Sea Petroleum Oil & Gas Ltd. and other assets belonging to Sen. Stella Oduah-Ogiemwonyi over an unpaid debt of about N20 billion. AMCON said the takeover followed an injunction granted

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