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AMCON: Court freezes Ifeanyi Ubah’s Capital Oil accounts

A Federal High Court, Lagos Division, on Wednesday granted the request of the Asset Management Corporation of Nigeria for an interim injunction freezing the accounts of Capital Oil and Gas Industries Limited owned by Ifeanyi Ubah. Justice M. B. Idris, while granting the exparte order...

AMCON has N6.6 trillion Liabilities- DG

The Asset Management Corporation of Nigeria (AMCON) on Wednesday revealed that its current liabilities stood at N6.6 trillion from purchase of bad loans worth N3.3 trillion at the sum of N1.7 trillion. This came to fore at the House of Representative Ad-hoc committee investigating alleged...