We Recovered N1.4trn Bad Debt - AMCON Boss
The Managing Director/CEO, of Asset Management Corporation of Nigeria, (AMCON), Ahmed Kuru has said the Corporation has recovered about N1.4trn, which comprises of cash N681bn; Property Forfeiture N279bn; Share Forfeiture N140bn; and other strategic assets N208bn.
Similarly, a...
AMCON Recovers N1trn From Debtors
The Asset Management Corporation of Nigeria (AMCON) has recovered over N1 trillion from debtors, its Managing Director, Ahmed Kuru, has announced.
He spoke during a visit by the Leadership of the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) to...
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...
