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...
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...
