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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

The Asset Management Corporation of Nigeria, AMCON,  yesterday, said that it is yet to finalise an  ‘out-of-court settlement’ with the management of Pan Ocean Group, over the latter’s N240 indebtedness. 

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 […]

…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 […]

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.