Nigeria's Den of Debtors?, by Abubakar Yusuf   When you talked about an average rich Nigerian, what readily comes to mind is debts, it cut across all facets of our life, be it in business, politics, religion, education and any other activities you may think of,...

In Four Years, AMCON Gulped N654bn From 12 Banks As Sector Resolution Funds   With the growing assets due to business expansions, among other factors, Assets Management Corporation of Nigeria (AMCON) between 2020 and 2017 has collected N6654billion from 12 banks operating in the country. The 12...

Jimoh Ibrahim Loses Appeal Against AMCON Over N69.4bn Debt     The Court of Appeal Lagos Division has dismissed an appeal by the Chairman of Global Fleet Group, Jimoh Ibrahim, challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his 12 assets and freezing of all his...

AMCON: Senate Challenges Aviation Ministry Over Issuance Of NG Eagle AOC …Directs AMCON To Again Publish List Of Debtors       The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has declared that the 9th Senate of the Federal Republic of Nigeria is...

On AMCON as the Receiver Manager, by Abubakar Yusuf   The zeal and approach of the current Management of Asset Management Corporation of Nigeria AMCON, under the leadership of Ahmed Lawan Kuru is geared towards returning all sectors of our national life,cut across public and private...

AMCON Empowered To Sell Debtor-firms, VIPs’ Assets As Buhari Signs Bill   President Muhammadu Buhari has signed into law the Asset Management Corporation of Nigeria (Amendment) Act, amending the AMCON Act No.4, 2010. The development means AMCON has now been empowered to take possession, manage, and sell...