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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
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Talks still ongoing over Pan Ocean’s N240bn debt, AMCON clarifies

By Prince Okafor The Asset Management Corporation of Nigeria, AMCON, has explained that it is yet to finalise an ‘out-of-court settlement’ with the management of Pan Ocean Group, over the latter’s N240 indebtedness. In a statement in Lagos, the Head, Corporate Communications, AMCON, Jude Nwauzor, explained that “Justice A.M. Liman in suit No. FHC/L/CS/722/20 ordered
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Pan Ocean Oil asks court to stay order in AMCON's favour

AMCON, Pan Ocean in settlement agreement

By Prince Okafor The Asset Management Corporation of Nigeria, AMCON and Pan Ocean Oil Corporation Nigeria Limited alongside Newcross Petroleum Limited have agreed to a settlement agreement, wherein both parties have agreed to an out-of-court-settlement pending the consent of a Federal High court. This settlement is in line with AMCON’s role as a resolution vehicle
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Senate, AMCON adopt measures against Saboteurs – Uba Sani

…says assets recovery will improve economy By Ibrahim HassanWuyo The Chairman Senate Committee on Banking Insurance and other Financial Institutions, Uba Sani has said that his committee and the Asset  Management Corporation of Nigeria (AMCON)  have identified  the strategies being employed by debtors to stall the repayment of loans, including the dragging of  court cases
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