Judge Urges AMCON To Stop Debtors From Contesting Elections   Now that the Asset Management Corporation of Nigeria (Amendment) Act 2019 has been signed into law by President Muhammadu Buhari, Hon. Justice CMA Olatoregun of the Federal High Court has called on the management of AMCON...

Debtors Unwilling To Repay Loans Sabotaging Economy, Says CIBN   The President and Chairman of Council, Chartered Institute of Bankers of Nigeria, Dr. Uche Olowu, has said the failure of perpetual borrowers to repay bank loans is hurting the nation’s economy. Olowu, who lauded the recent increase...

FMBN, Presidential Panel Collaborate To Recover N43bn From Debtors   The Federal Mortgage Bank of Nigeria has entered into partnership with the Special Presidential Investigation Panel for the Recovery of Pubic Property to recoup N43bn from the bank’s debtors within the next 18 months. According to FMBN’s...

AMCON To Publish List Of New Debtors   The Asset Management Corporation of Nigeria is preparing to release another list of debtors, an investigation has revealed. The corporation’s Head of Corporate Communications Department, Jude Nwauzo, confirmed this to our correspondent. According to information obtained, the corporation has decided...

N5.4tn Debt: AMCON To Seize Debtors’ Assets The Asset Management Corporation of Nigeria has said that there will be no more room for negotiation with debtors as it is now set for a new stage of complete asset takeover. The Managing Director and Chief Executive Officer,...

Bank Debtors : AMCON Recovers N731bn In 7years The Asset Management Corporation of Nigeria recovered N731bn from bank debtors since its inception in 2010 to December 2017. Out of this amount, properties accounted for approximately 35 per cent. The corporation has restructured its processes from within in...