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...
N5trn Debt: AMCON Plans To Change Recovery Strategy
The Asset Management Corporation of Nigeria has said that its Asset Management Partners scheme has resolved to change its recovery strategy.
It said in a statement on Sunday titled ‘AMCON AMPs may change recovery strategy’ that it planned...
NDIC Seeks Ministry’s Support On Failed Banks’ Assets
The Nigeria Deposit Insurance Corporation (NDIC) has solicited the support of the Ministry of the Federal Capital Territory (FCT) in the realisation of landed properties of banks in-liquidation within the FCT to enable it pay depositors of...
AMCON Drags 3,000 Defaulters To Court Over N5trn Debt
The Asset Management Corporation of Nigeria is currently pursuing bad debts of about 3,000 debtors in various courts in the country.
It disclosed this on Sunday in a statement titled ‘Recovery for N5tn debt burden, AMP scheme...
Senate Passes AMCON Amendment Bill
The Senate has passed the Asset Management Corporation of Nigeria (AMCON) Amendment Bill.
This followed the adoption of the report of Senate Committee on Banking, Insurance and Other Financial Institutions at plenary on Wednesday.
Presenting the report, Senator Uba Sani, Chairman of...
AMCON Seeks Special Tribunal To Recover N5.4trn Debt
The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to be accommodated in the provisions of the newly amended Banks and Other Financial Institutions Act, 2020 (BOFIA, 2020), which sets up Special Tribunals for...
