The Asset Management Corporation of Nigeria (AMCON) has vowed to recover the N455 billion debt owed by Arik Air and its affiliate companies, despite facing what...
The Asset Management Corporation of Nigeria (AMCON) on Friday vowed to recover N227 billion debt from Arik Air. The Head of Corporate Communications in AMCON, Mr....
The Asset Management Corporation of Nigeria (AMCON) has announced plans to engage international asset tracers to track the assets of chronic debtors, both locally and abroad....
The Supreme Court on Friday affirmed the judgment of the Court of Appeal which nullified the takeover of the landed property of Suru Worldwide Ventures Nigeria...
The House of Representatives has asked the leadership of the Asset Management Corporation of Nigeria (AMCON) to release the list of its 350 top debtors. The...
The chairman of Arik Air, Johnson Arumemi-Ikide, has been told to provide a suitable debt recovery plan before Assets Management Corporation of Nigeria (AMCON) returns the...
The National Union of Air Transport Employees (NUATE) has stated that there’s a need to invest in Arik Air for the airline company to survive. NUATE...
Glano Nigeria Limited has lost its assets to Asset Management Corporation of Nigeria (AMCON) over a N2.4 billion debt owed since 2016. AMCON, a debt recovery...
Nine Nigerian commercial banks were surcharged a combined N147.65 billion by the Federal Government’s Asset Management Corporation of Nigeria (AMCON). The debt-recovery agency took possession of...
The Asset Management Corporation of Nigeria (AMCON) has moves to prevent debtors from securing future government contract, as it recovers N307 billion from government debtors between...
The Central Bank of Nigeria (CBN) and four other agencies have come under criticism of the House of Representatives following their failure to recover debts owed...
To ensure a safer banking sector, seven Nigerian banks were forced to pay over N123.8 billion into the account of Assets Management Corporation of Nigeria (AMCON)...
Nigerian businessman, Tunde Ayeni, has lost another company, Integrated Energy Distribution and Marketing Ltd (IEDM) to the Nigerian government on Friday, six years after losing defunct...
The Economic and Financial Crimes Commission (EFCC) reportedly grilled the Managing Director of Assets Management Company of Nigeria (AMCON), Ahmed Kuru, over alleged diversion of seized...
Nigerians with non-performing loans hanging on them, are set to be publicly disgraced as the one-month grace period ends today, Wednesday 5 January. Jude Nwauzor, spokesman...
A Federal High Court sitting in Abuja, on Friday, threatened to grant a request by the Asset Management Corporation of Nigeria (AMCON) seeking an order to...
A Court of Appeal sitting in Lagos has dismissed an appeal by the Chairman of Global Fleet Group, Mr Jimoh Ibrahim, challenging the Asset Management Corporation...
The House of Representatives on Wednesday, resolved to commence investigations into the non-appearance of the Central Bank of Nigeria (CBN), Asset Management Corporation of Nigeria (AMCON)...
The Asset Management Corporation of Nigeria (AMCON) has submitted a list of its top 1,000 debtors to the National Assembly as part of its debt recovery...
Justice Inyang Ekwo of the Federal High Court, Abuja, has ordered the interim blockade of the Benue State government’s accounts in some banks in the country...
The Asset Management Corporation of Nigeria (AMCON) has called for laws to back debt recovery in Nigeria, to strengthen the country’s financial system. The Corporation has...
The Economic and Financial Crimes Commission (EFCC) has recovered N1.667 trillion for the Asset Management Corporation (AMCON) between 2017 and July this year. The agency disclosed...
Amid reports of Aliko Dangote refinery takeover by the Nigerian government over a $7 billion debt, Dangote Cement and Dangote Sugar have continued to trade flat...
NICON Insurance Limited and the Nigeria Reinsurance Corporation (Nigeria Re) owned by businessman Jimoh Ibrahim, has been taken over by the Asset Management Corporation of Nigeria...
The Asset Management Corporation of Nigeria (AMCON) has revealed that 350 debtors account for over N2.053 trillion, which is more than 70 percent of the total...
The Asset Management Corporation of Nigeria (AMCON) has seized the assets belonging to the Senator representing Ogbomosho North Senatorial District, Abdulfatai Buhari, over a N600million debt....
The Asset Management Corporation of Nigeria (AMCON) has revealed its ongoing process towards the recovery of N5 trillion debt from about 3,000 debtors across the country....
The Senate has passed the Asset Management Corporation of Nigeria (AMCON) Amendment Bill. This followed the adoption of the report of the Senate Committee on Banking,...
The Asset Management Corporation of Nigeria (AMCON) has beseeched the National Assembly to ensure the amendment of the provisions of the newly amended Banks and Other...
The Asset Management Corporation of Nigeria (AMCON) will soon be reformed to strengthen its debt recovery authourity after the Senate passed a bill to amend the...
A bill seeking to amend the Asset Management Corporation of Nigeria (AMCON) Act scaled the second reading at the Senate on Tuesday. The bill was sponsored...
The National Union of Air Transport Employees on Saturday, March 13, issued a strike ultimatum regarding the potential change of ownership in Arik Air. This stance...
The Federal High Court, Abuja, on Monday, February 22, set aside the interim order through which the Asset Management Corporation of Nigeria (AMCON) seized property belonging...
Justice Rilwan Aikawa of the Federal High Court, Lagos, on Tuesday, dismissed the billionaire businessman, Jimoh Ibrahim’s bid reclaim his properties seized by the Asset Management...
The Senate on Wednesday confirmed Ahmed Kuru as managing director of the Asset Management Corporation of Nigerian (AMCON). The upper legislative chamber also confirmed Bello Hassan...
The Asset Management Corporation of Nigeria (AMCON) on Monday disclosed that the total of outstanding debt by loan defaulters on its books has dropped by N1...
Even with a consistent decline in the last three years, Nigeria’s non-performing loans ratio is still one of the highest among peers in Africa at 10th...
President Muhammadu Buhari has appointed Mr. Bello Hassan as the new Managing Director of Nigeria Deposit Insurance Corporation (NDIC). The president, according to a statement issued...
A Lagos Federal High Court will Tuesday hear an application by Jimoh Ibrahim, chairman and chief executive officer of Global Fleet Group, seeking a reversal of...
The Asset Management Corporation of Nigeria (AMCON) has taken over 12 assets belonging to Chairman of Global Fleet Group, Jimoh Ibrahim, over N69.4billion debt. AMCON’s Spokesman,...
The exposure of the Asset Management Corporation of Nigeria (AMCON) to the central bank might balloon by as much as 75 per cent from N4 trillion...
The Asset Management Corporation of Nigeria (AMCON) has said it is in negotiation with the Pan Ocean Group with a view to resolving the energy firm’s...
The Asset Management Company of Nigeria (AMCON) said it had sequestered assets belonging to Frank Ezuma and Lillian Ezuma, both promoters of Gedee Zulu Investment Limited...
The Asset Management Corporation of Nigeria (AMCON) Sunday declared it had sequestered the assets of Hydro Hotels Limited and those of its chief promoter in respect...
The total assets of the Asset Management Company of Nigeria (AMCON) currently stand at N136.73 billion, its Managing Director/Chief Executive Officer, Ahmed Kuru, said on Sunday....
The Asset Management Company of Nigeria (AMCON) said on Sunday it had taken over assets belonging to the chief promoter of Jabfal Enterprises Limited, Joshua Abiodun...
The Asset Management Company of Nigeria (AMCON) has taken over assets belonging to a Lagos-based technology deployment solutions provider, Northrich Technologies Limited, over the latter’s failure...
The Asset Management Corporation of Nigeria (AMCON) has declared it has devised a new receiver procedure that would accelerate the pace of asset recovery process by...
Deap Capital Management & Trust Limited Monday debunked reports that the Asset Management Corporation of Nigeria (AMCON) had taken possession of its assets over indebtedness totalling...
Pan Ocean Oil Corporation Limited, whose entire assets have been confiscated amidst a stormy dispute over a N240 billion accumulated debt, has condemned the Asset Management...
