Judge Urges AMCON To Stop Debtors From Contesting Elections   Now that the Asset Management Corporation of Nigeria (Amendment) Act 2019 has been signed into law by President Muhammadu Buhari, Hon. Justice CMA Olatoregun of the Federal High Court has called on the management of AMCON...

AMCON Takes Over Firm’s Assets Over N3.6bn Debt   The Asset Management Corporation of Nigeria has taken over Bao Yao Futurlex Iron & Steel Company Limited in Abuja and Bao Yao Huan Jian Iron & Steel, Calabar, Cross River State. This follows an order by Justice B.F.M....

FG Constitutes Panel To Recover N5trn AMCON Debts   The Federal Government has raised a task force to recover the outstanding N5tn debts owed the Asset Management Corporation of Nigeria, Vice-President Yemi Osinbajo’s office said on Tuesday. It said Osinbajo made the disclosure during a meeting he...

AMCON, ICPC Partner To Recover N5trn Debt   The Chairman, Independent Corrupt Practices and Other Related Offences Commission, Prof. Bolaji Owasanoye, on Wednesday in Abuja, disclosed plans by the commission to collaborate with the Asset Management Corporation of Nigeria towards the recovery of N5trn owed AMCON...

FG May Auction BoA’s Bad Loans To AMCON The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has indicated that farmers would be given the opportunity to acquire shares of the Bank of Agriculture (BoA) within the next three months when its privatisation processes...

AMCON: N5trn Debt Recovery, Challenge To Nigerians   The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has reiterated that the over N5trn bad debts, which Nigerians expect the corporation to fully recover before its sunset should be seen as...