AMCON

October 20, (THEWILL) - The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON), have announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 percent of the equity in Polaris...

October 19, (THEWILL) - Justice Akintayo Aluko of the Federal High Court sitting in Lagos, has granted an order, directing the Assets Management Corporation of Nigeria (AMCON), to take over the assets of a Lagos company, SAMOL Limited. The asset...

May 10, (THEWILL) - The Asset Management Corporation of Nigeria (AMCON), has taken over assets belonging to Aeroland Travels Limited and its directors, over indebtedness of N1.8 billion. AMCON spokesperson, Jude Nwauzor, who disclosed this in a statement, said the...

February 21, (THEWILL) - Despite the directive from the National Assembly, persistent threats and what appeared unyielding moves to ‘name and shame’, the Asset Management Corporation of Nigeria (AMCON) failed to publish the names of the 7,912 delinquent debtors...

January 23, (THEWILL) - On Friday January 21, the Asset Management Corporation of Nigeria affirmed its take over of Integrated Energy Distribution and Marketing Limited, core investor in Ibadan Electricity Distribution Company for defaulting in their loan repayment. IBEDC distributes...

November 03, (THEWILL) - Four deposit money banks - First City Monument Bank Plc, (FCMB)  and Wema Bank - have complied with the court order to freeze all accounts of  the Benue state government over indebtedness to the Asset...

June 24, (THEWILL)- The Asset Management Corporation of Nigeria (AMCON) said it had taken over assets belonging to Senator Abdulfatai Buhari over an alleged N600 million loan taken by his company, Abadat Ventures Limited. AMCON said in a statement by...

BEVERLY HILLS, April 28, (THEWILL) - The Senate, on Wednesday, passed the Asset Management Corporation of Nigeria (AMCON) Amendment Bill. The passage of the Bill followed the consideration of a report by the Committee on Banking, Insurance, and Other Financial Institutions. The...

BEVERLY HILLS, March 23, (THEWILL) – The Senate, Tuesday, considered a Bill seeking to empower the Asset Management Corporation of Nigeria (AMCON) in the aspect of assets recovery, as well as strengthen it against economic sabotage by debtors with unpaid...

...Arik Workers Risk Massive Job Loss ...Union Vows To Stop New Airline BEVERLY HILLS, March 22, (THEWILL) - The crises sparked off by the emerging NG Eagle Airline being set up by the Asset Management Corporation of Nigeria (AMCON) are getting messier....