AMCON takes over assets of Glano over N2bn debt
The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over indebtedness of over N2 billion.
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 […]
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 […]
AMCON takes over assets of Northrich over N500m debt
The Asset Management Corporation of Nigeria (AMCON) has taken over the assets of Northrich Technologies Limited over alleged failure of the company to repay N500 million debt.
AMCON takes over assets of Northrich Technologies over N500m debt
The Asset Management Corporation of Nigeria (AMCON) has taken over the assets of Northrich Technologies Limited over failure of the company to repay N500 million debt.
AMCON vs POON N58bn loan dispute: We’re yet to settle, parties tell court
By Onozure Dania The parties in N58.9billion loan dispute between Pan Ocean Oil Corporation Nigeria Limited (POON), its affiliate companies and Asset Management Company of Nigeria (AMCON) have told a Federal High Court sitting in Lagos that they have not been able to agree on terms of settling out of court. Lead counsel for the […]
