amcon news

A video which has gone viral online captured moment officials of Asset Management Corporation of Nigeria (AMCON) took over the Abuja home of Buba Galadima, a strong critic and former ally of President Muhammadu Buhari. Asides losing his houses at No. 15 Addis Ababa Crescent, Wuse Zone 4 in...

The Asset Management Corporation of Nigeria (AMCON) has announced the taken over of the residence and company of Buba Galadima, a former ally of President Muhammadu Buhari, over “debts to the tune of N900 million”. But Buba Galadima said the takeover is a political vendetta..... Read more via...

The Asset Management Corporation of Nigeria (AMCON) yesterday said it has carried out the order of the Federal High Court, Abuja, to take over the residence and some other properties of Alhaji Buba Galadima, as well as his company, Bedko Nigeria Limited and its assets, over an outstanding...

Recalcitrant bank debtors under Asset Management Corporation of Nigeria (AMCON) surveillance have a fresh legal battle to face this year, New Telegraph learnt over the weekend. AMCON has resolved to criminalise debt cases with links to insider abuse as a means to fast track recovery, an...

A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr. Muyiwa Balogun has said that the debt profile of the Asset Management Corporation of Nigeria (AMCON) could hit N6.6 trillion in 2024 if Nigerian Judges do … Read more via Newtelegraph – https://ift.tt/2Zzq7lR Get more: Nigeria...

A picture of the newly nominated chairman of the Asset Management Corporation of Nigeria (AMCON), Edward Adamu, with Lagos State Governor, Babajide Sanwo-Olu, has surfaced on social media. The picture found its way into public space on Tuesday following a letter … Read more via Naijaloaded...

president Muhammadu Buhari has sacked Mr. Muiz Banire as Chairman of the Asset Management Corporation of Nigeria (AMCON). Igbere TV reports that Buhari has approved the appointment of one Edward Adamu as new Chairman of the AMCON. This comes barely 24 hours after the President announced...

A legal expert, Muyiwa Balogun, has called on the Asset Management Corporation of Nigeria (AMCON) and its Asset Management Partners (AMPs) to leverage the... Read more via TODAY – https://ift.tt/2IVhwTz Get more: Nigeria Business News

The Minister of Finance, Mrs Zainab Shamsuna Ahmed has charged the Asset Management Corporation of Nigeria (AMCON) to do everything with the powers of its newly amended Act to recover the huge debt owed the corporation by a few individuals and organisations in the country. ... Read more via...

The Federal Government has inaugurated an inter-agency committee to speedily resolve the challenges in recovering over N5 trillion Asset Management Corporation of Nigeria(AMCON) debts.... Read more via P.M. News – https://ift.tt/2LVwxp6 Get More Nigeria Political News

Donald Duke, the former Governor of Cross River State, has denied the claim of the Asset Management Corporation of Nigeria (AMCON) that he owed N537,334,360.77. In a statement made available to the public, Duke made known that he was only owing N350 million, which he had repaid. … Read...

Deposit money banks (DMBs) in the country are largely responsible for the huge portfolio of over N1.79trillion non-performing loans, the Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru has said..... Read more via Naijabizcom – https://ift.tt/2ZuZCfv Get...

A federal high court in Lagos has ordered the Asset Management Corporation of Nigeria (AMCON) and United Bank for Africa (UBA) to seize a property of former Cross River state governor Donald Duke over an alleged N537,334,360.77 debt. The Nation reports that Justice Chuka Obiozor also...

The Asset Management Corporation of Nigeria (AMCON) N3.8 trillion six-year Notes will mature in 2023, a report by the Central Bank of Nigeria (CBN) has shown. According to the CBN’s Annual Activity Report, the AMCON Bond was issued in December 2014 at six per cent interest rate and have …...

Mr. Adebayo Ayoade is the Managing Partner, AAC Professional Services. In this interview with Tony Chukwunyem, he speaks on topical financial issues, including the Asset Management Corporation of Nigeria’s (AMCON) bid to recover its debts and the Federal Government’s efforts to improve revenue...

The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has vowed to assist the Asset Management Corporation of Nigeria, AMCON, to recover monies going into.... Read more via P.M. News – https://ift.tt/2Kxekxh Get More Nigeria Metro News

Over 300 residents/families of Victory Park Estate sitting on about 33 hectares of land in Osapa London, along Lekki-Epe Expressway, Lagos have called on President Muhammadu Buhari to intervene over plans to evict them from their properties.... Read more via The Guardian Nigeria News –...

Mr Mumini Shitu, whose house was locked and taken over by the Asset Management Corporation of Nigeria (AMCON) has said that Lanre Olaoluwa, AMCON Receiver Manager took possession of his house with wrong court order..... Read more via Sahara Reporters – https://ift.tt/2NdOO4V Get More...

To boost the Asset Management Corporation of Nigeria (AMCON’s) ability to recover high-profile debts estimated at N5trillion, the Federal Government has resolved to bar debtor companies/individuals from its official businesses. Vice President, Prof. Yemi Osinbajo, who dropped the … Read...

AMCON moves for stricter punishment for rogue bank CEOs – THE managing director of asset management company of Nigeria (AMCON), Ahmed Kuru is calling for a more stricter punishment for rogue bank.... Read more via NaijaBizCom.Com – http://bit.ly/2VePXMa Get more: Nigeria Business News