AMCON Establishes New Airline To Recover Arik’s Debts     The Asset Management Corporation of Nigeria (AMCON) has said that in order to recover its huge debts from Arik Air, it injected over N375 billion in the airline and established another carrier, NG Eagle, which in the...

Senate Amending AMCON Law To Recover N16trn Loans     The Senate on Tuesday passed for second reading a bill seeking to empower the Asset Management Corporation of Nigeria in assets recovery. The proposed law also intends to strengthen the agency against economic sabotage by debtors with unpaid...

AMCON Seizes Centage Savings And Loans’ Assets Over N3.5bn Debt       The Asset Management Corporation of Nigeria (AMCON) at the weekend took over 13 prime assets linked to Centage Savings and Loans Limited and its chief promoter, Mr. Johnson Ndukwe, over an indebtedness of over N3.5...

Alleged N69.4bn Debt: Court Vacates Order Against Jimoh Ibrahim’s Assets       The Federal High Court, Abuja, on Monday, set aside the interim order through which the Asset Management Corporation of Nigeria (AMCON) seized property belonging to a businessman, Jimoh Ibrahim, for an alleged N69.4 billion debt. Justice...

N1.3bn Debt: AMCON Takes Over Inducon Nigeria’s Assets         The Asset Management Corporation of Nigeria has said it took over an asset belonging to the Chief Promoter of Inducon Nigeria Limited, Dr. John Abebe, over N1.3bn debt. In a statement on Sunday from the Head, Corporate Communications...

AMCON’s Debt Now N4.4trn,Seeks External Support         The Management of Asset Management Corporation of Nigeria has called on all agencies of the Federal Government and all stakeholders to join its debt recovery drive to guide against the huge opportunity cost of not recovering its huge total...