AMCON Solicits Judiciary’s Support To Recover N5.4trn Debt   the Asset Management Corporation of Nigeria is seeking the support of the judiciary to recover over N5.4tn debt owed the corporation by chronic debtors. The Managing Director/Chief Executive Officer, AMCON, Mr Ahmed Kuru, said this at the 2019...

N1bn Debt: AMCON Takes Over Ex Mininster, Ademola Seriki’s Assets   The Asset Management Corporation of Nigeria has taken over two properties belonging to Ademola Seriki, in Lagos and Abuja, over an outstanding indebtedness of nearly N1bn. This is sequel to the order of Justice Chuka Austine...

AMCON’s Debt Could Be N6.6trn By 2024   A Legal consultant and Senior Partner, Olaniwun Ajayi -LP, Muyiwa Balogun has said the Asset Management Corporation of Nigeria (AMCON) debt could rise to N6.6 trillion by 2024 from current N5 trillion if unchecked. Balogun who spoke in Abuja,...

AMCON Retrieves N759bn Debt, Impounds N264bn Properties     The Asset Management Corporation of Nigeria has recovered a total of N759bn from debtors. Some of the debtors also forfeited their properties worth N263.73bn, a new report released by the Central Bank of Nigeria said. AMCON was established by the...

AMCON’s Debt May Hit N6.6trn By 2024   The debt of the Asset Management Corporation of Nigeria (AMCON) may rise from the current value of N5trn to a N6.6trn by 2024. A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr Muyiwa Balogun, who said this, noted...

AMCON Charged On Recovery Of N5trn Debt   The Minister of Finance, Mrs Zainab Shamsuna Ahmed has charged the Asset Management Corporation of Nigeria (AMCON) to do everything with the powers of its newly amended Act to recover the huge debt owed the corporation by a...