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...

Reps Probe BPE, AMCON Over NACFA Privatisation   The House of Representatives’ Committee on Privatisation and Commercialisation has directed the Bureau of Public Enterprise to pay up an outstanding N189m to Jorotom International Agency Limited, the core investor that acquired the National Clearing and Forwarding Agency...

NG Eagle; As The Eagle Has Landed, by Abubakar Yusuf     The NG Eagle is the new airline convened by Asset Management Corporation of Nigeria AMCON, set to take over the defunct Arik airline weighed down by over 300 Billion debt. AMCON as receiver manager in the...

Court Dismisses AMCON's Suit Against Nigerian Senator Over Alleged N600m Debt           A Federal High Court in Abuja on Thursday lambasted the Asset Management Corporation of Nigeria (AMCON) for fraudulently obtaining an order to seize houses belonging to one Senator Buhari Abdulfatai over alleged N600M debt. Justice...

AMCON: Sinking Fund And Drive For Stability In The Banking Sector, by Abubakar Yusuf       Asset Management Corporation Of Nigeria AMCON was established by the Central Bank through an act of the National Assembly to address the growing crises in the financial sector particularly Banks in...

Google My Debt Servicing Ratio’s 9%, Jimoh Ibrahim Challenges AMCON       Bar. Jimoh Ibrahim, the owner of NICON Insurance and Nigeria Re. has described his debt servicing ratio as the lowest among strong business moguls in the country. He said his current debt servicing ratio is put...