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Court Dismisses AMCON’s Suit Against Nigerian Senator Over Alleged N600M Debt

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...

Benue State Govt Remits Over N600m To Pencom

Benue State Govt Remits Over N600m To Pencom       The Benue State Government has remitted over N600 million as pension fund to the National Pension Commission (PenCom). Governor Samuel Ortom who stated this yesterday said the government could be allowed to borrow from the pension fund to...

AMCON Takes Over Hydro Hotels Over N600m Debt

AMCON Takes Over Hydro Hotels Over N600m Debt     The Asset Management Corporation of Nigeria said it has taken over the assets of Hydro Hotels Limited and its chief promoter over an indebtedness of N600m. The Head of Corporate Communications Department, AMCON, Mr Jude Nwauzor, disclosed this...

Eight Years After, N600m AIB Lab Still Dormant

Eight Years After, N600m AIB Lab Still Dormant   Eight years after, the metallurgical science laboratory of the Accident Investigation Bureau (AIB) is still left to rot away in Abuja as it has not been put to use. The facility, built at a cost of N600m, was...