Buhari Reappoints AMCON’s Boss, Appoints New MD, ED For NDIC         President Muhammadu Buhari, has appointed Mr Bello Hassan as the new managing director of Nigeria Deposit Insurance Corporation. He also appointed Mr Mustapha Ibrahim as executive director of the corporation. The President reappointed Mr Ahmed Kuru as...

We Owe CBN More Than N4trn, Says AMCON         The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria more than N4tn. AMCON was established by the Federal Government in 2010 to buy bad debts from banks and ensure stability in the...

AMCON’s Assets Under Management Hit N136.73bn     The assets under management of the Asset Management Corporation of Nigeria stood at N136.73bn while it has about N112.03bn worth of propriety assets. The Managing Director/Chief Executive Officer, AMCON, Mr Ahmed Kuru, disclosed this in a statement on Sunday entitled,...

AMCON’s Recoveries From Debtors Now N1.1trn   Asset Management Corporation of Nigeria (AMCON) yesterday said it has recovered a total of N1.1 trillion from debtors since its establishment. AMCON Managing Director/Chief Executive Officer, Mr. Ahmed Kuru, said in a telephone interview with our correspondent that the amount...

Ministers, Lawmakers Among N5trn Chronic Debtors, AMCON Says   The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Ahmed Kuru, said the chronic debtors of the corporation were occupying top government positions. He also said that the corporation was working with other agencies such as the...

AMCON Seizes Sigma Apartments Over ₦1bn Debt Hon. Justice Binta Nyako of the Federal High Court Abuja Division has granted an order for Asset Management Corporation of Nigeria (AMCON) to take over Sigma Apartments owned by Sigma Engineering & Construction Limited. Sigma Apartment is promoted...