Banks’ Loan Defaulters Almost Wrecked Nigerian Economy – AMCON         The Asset Management Corporation of Nigeria has said that loan defaulters of Deposit Money Banks who are on its books almost crashed the Nigerian economy if not for its intervention. AMCON, an agency of the Federal Government,...

Buhari Reappoints AMCON’s Boss, Appoints New MD, ED For NDIC         President Muhammadu Buhari, has appointed Mr Bello Hassan as the new managing director of Nigeria Deposit Insurance Corporation. He also appointed Mr Mustapha Ibrahim as executive director of the corporation. The President reappointed Mr Ahmed Kuru as...

Controversy Rages Over N4bn Airline Bailout         There is a raging controversy over the approved disbursement of the N4 billion bailout for airline operators to reduce the effects of the COVID-19 pandemic. There have been views on what the N4bn can do to the operations of airlines....

The Many Shenanigans in Nigeria By Enobong Udoh       This decade is about to end in a few weeks and surely Nigeria will start the next decade still as the country with most poor people. A check at the world poverty clock shows as the clock ticks...

Jimoh lbrahim, NICON Investment Tackle AMCON       NICON Investment and billionaire businessman Jimoh lbrahim are set to approach the court for an order quashing the interim injunction obtained by AMCON against them. AMCON had in a statement last week said it had taken over Ibrahim’s assets over...

AMCON Seizes Jimoh Ibrahim’s Assets Over N69.4bn Debt         The Asset Management Corporation of Nigeria announced on Wednesday that it had taken possession of 12 assets belonging to Mr Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited, in...