We Recovered N1.4trn Bad Debt - AMCON Boss   The Managing Director/CEO, of Asset Management Corporation of Nigeria, (AMCON), Ahmed Kuru has said the Corporation has recovered about N1.4trn, which comprises of cash N681bn; Property Forfeiture N279bn; Share Forfeiture N140bn; and other strategic assets N208bn. Similarly, a...

AMCON Recovers N1trn From Debtors   The Asset Management Corporation of Nigeria (AMCON) has recovered over N1 trillion from debtors, its Managing Director, Ahmed Kuru, has announced. He spoke during a visit by the Leadership of the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) to...

N5trn Debt: AMCON Plans To Change Recovery Strategy       The Asset Management Corporation of Nigeria has said that its Asset Management Partners scheme has resolved to change its recovery strategy. It said in a statement on Sunday titled ‘AMCON AMPs may change recovery strategy’ that it planned...

AMCON Drags 3,000 Defaulters To Court Over N5trn Debt         The Asset Management Corporation of Nigeria is currently pursuing bad debts of about 3,000 debtors in various courts in the country. It disclosed this on Sunday in a statement titled ‘Recovery for N5tn debt burden, AMP scheme...

AMCON Seeks Special Tribunal To Recover N5.4trn Debt       The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to be accommodated in the provisions of the newly amended Banks and Other Financial Institutions Act, 2020 (BOFIA, 2020), which sets up Special Tribunals for...

N4.7trn Debt: AMCON Pays N2trn To CBN       The Asset Management Corporation of Nigeria (AMCON) has repaid N2 trillion out of its N4.7 trillion commitment to the Central Bank of Nigeria (CBN), its Managing Director/CEO Ahmed Kuru has said. Speaking on the corporation’s focus in his new...