AMCON May Disengage Non-performing AMPs, Kuru Says The Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has disclosed that the corporation may disengage Asset Management Partners (AMPs) that cannot cope with the speed and enormous challenges of debt recovery expected by...

Within Eight Years, AMCON Recovered N1trn From Debtors - FG   Since the commencement of operations of the Asset Management Corporation of Nigeria in 2010, about N1tn had been recovered from debtors of banks whose loans were taken over by the corporation. The Minister of Finance, Mrs...

AMCON Seeks New Investors For Polaris Bank The Asset Management Corporation of Nigeria (AMCON) is to seek new investors to take over Polaris Bank Limited after elections next month, adding that it is taking stock of the bank’s assets ahead of a sale. Spokesman for AMCON,...

Aero Contractors' Acquisition: Three Investors In Talks With AMCON Three investors are in talks with the Asset Management Corporation of Nigeria (AMCON) to acquire Aero Contractor. It was gathered that the airline had attracted 19 investors since it was acquired in 2016 and the number had...

AMCON Boss Seeks More Investment In Human Capital   The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru has reiterated the need for the government and institutions at all levels to pay more attention to human capital development, which he described...

AMCON To Publish List Of New Debtors   The Asset Management Corporation of Nigeria is preparing to release another list of debtors, an investigation has revealed. The corporation’s Head of Corporate Communications Department, Jude Nwauzo, confirmed this to our correspondent. According to information obtained, the corporation has decided...