Tag "AMCON"
Back to homepageAssets 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
Read MoreAMCON 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
Read MoreHow 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
Read MoreHurdles 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
Read MoreAMCON 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
Read MoreSenate 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
Read MoreUnpaid 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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