AMCON loses out as court revokes order placing GHL under receivership
Justice Adetayo Aluko of the Federal High Court in Lagos on Friday revoked the preliminary order which placed General Hydrocarbons Limited (GHL) and its assets under the purported Receiver Manager appointed by the Asset Management Corporation of Nigeria (AMCON), Sevi Akinwunmi.
AMCON releases Enugu female students after 6 days in detention
By Chinedu Adonu – Enugu Detained 344 Enugu students and staff of Providence High School on Tuesday regained freedom after six days of being held hostage by Assets Management Corporation of Nigeria, AMCON, who sealed the entrance gate to their school. The padlock with which the school was locked had been removed when visited by […]
Enugu female students still under confinement by AMCON, five days after
By Chinedu Adonu No fewer than 344 students of Providence High School Enugu are still under confinement by the Asset Management Company of Nigeria, AMCON, as at Monday, January 25, 2021, five days after they locked up the entrances to the school with students and staff inside the premises. The management of the School, has […]
AMCON detains 344 Enugu female students, seals school
By Chinedu Adonu No fewer than 344 female students and staff of Providence High School, Independence layout, Enugu were Thursday, detained in the school premises by officials of Assets Management Corporation of Nigeria, AMCON. The AMCON personnel were said to have invaded the school premises and reportedly took possession of the institution and barred all […]
AMCON: The Case Of Suru Worldwide Limited
By Jonathan Owobu There is no doubt that those who proffered the concept of Asset Management Corporation of Nigeria (AMCON), had a noble vision of not only stabilizing the financial sector but also the economy in general. Hence, the institution was created to be a key stabilizing and revitalizing tool aimed at reviving the financial […]
AMCON takes over Jimoh Ibrahim’s prime assets over N69.4bn debt
By Babajide Komolafe The Asset Management Corporation of Nigeria (AMCON) said it has taken possession of twelve prime assets belonging to Barrister Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited in Lagos and Abuja over-indebtedness of nearly N70billion. The Corporation in a statement said the action was […]
