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...

N900m Debt: AMCON Takes Over Buba Galadima's Assets   A Federal High Court sitting in Abuja, in Suit No. FHC/ABJ/CS/1136/2019 has ordered the Asset Management Corporation of Nigeria to take over the business and assets of Bedko Nigeria Limited and Alhaji Buba Galadima. A statement from the...

Senate Confirms Adamu, Nami For AMCON, FIRS   The Senate yesterday confirmed the appointment of Muhammad Nami as the Chairman of the board of the Federal Inland Revenue Service (FIRS). The Upper Chamber also approved the appointment of Mr. Edward Adamu as the new Chairman of the...

Adamu Undergoes Screening As AMCON’s Chairman   The Senate Committee on Banking, Insurance and Other Financial Institutions has screened the Deputy Governor, Corporate Services, Mr Lametek Adamu, for the position of Chairman, Asset Management Corporation of Nigeria, with a charge, subject to Senate’s confirmation, to reposition...

AMCON Takes Over Cedar Oil & Gas Over N24bn Debt   Asset Management Corporation of Nigeria has taken over the operations of Cedar Oil & Gas Exploration and Production Limited on the orders of a Federal High Court sitting in Lagos. The application for the takeover came...

Multiple Taxes, Levies, Greed Grounding Airlines, Says AMCON   The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr Ahmed Kuru, has said numerous charges and taxes by regulatory agencies are some of the factors causing airlines failure in Nigeria. He also blamed banks for rushing...