Debt Recovery: Reps To Speed Up Amending AMCON Bill   The Chairman, House of Reps Committee on Banking and Currency, Sir Jones Onyereri, has said the Asset Management Corporation of Nigeria Amendment(AMCON) Bill will be presented before the House in the next one or two weeks. Onyereri...

AMCON Releases List Of N906bn Bad Debtors   The Asset Management Corporation of Nigeria has released the list of what it calls delinquent debtor firms who allegedly owe it N906bn in total. In an advertorial published on Monday, the bad debt manager said the list contained the...

AMCON Blames Sole Proprietors For Airlines’ Woes, Demise   The Asset Management Corporation of Nigeria (AMCON) yesterday sought an end to the era of sole proprietorship in the aviation industry, blaming alleged sharp practices among owners for the demise of local airlines. AMCON, a Federal Government’s special...

AMCON to Divest in Aero Contractors Asset Management Corporation of Nigeria (AMCON) has confirmed plans to sell its shares in Aero Contractors airlines. Chief Executive Officer of the airlines, Captain Ado Sanusi, disclosed this, adding that investors have started to indicate interest in the airlines. It will...

Bank Debtors : AMCON Recovers N731bn In 7years The Asset Management Corporation of Nigeria recovered N731bn from bank debtors since its inception in 2010 to December 2017. Out of this amount, properties accounted for approximately 35 per cent. The corporation has restructured its processes from within in...

Union Homes sues Oduah over N385m debt Another creditor Union Homes Savings and Loans plc, has come knocking at Senator Stella Oduah’s doors, demanding the repayment of N385 million mortgage debt. The mortgage lender’s lawyer Ken Ahia has filed an application before a Federal high court...