Asset Management Corporation of Nigeria (AMCON) has appealed to the National Assembly to reform the aviation sector for the emergence of Arik Airlines as the nation’s national carrier.

Reports reaching Vanguard has indicated that the Asset Management Corporation of Nigeria, AMCON, has on Monday appealed to the National Assembly to reform the aviation sector for the emergence of Arik Airlines as the nation’s national carrier.

By Levinus Nwabughiogu – Abuja Members of the House of Representatives at Wednesday’s plenary resolved to investigate the debt portfolio of N5.4 trillion to Asset Management Corporation of Nigeria (AMCON) and the alleged unwillingness of some of the debtors to pay. The House will also probe the insurance component of the debts, evaluate the status […]

VICE President Yemi Osinbajo on Tuesday inaugurated an Inter-Agency Committee to recover the N5 trillion debts owed the Asset Management Corporation of Nigeria, AMCON.

The Federal Government has taken another determined step in its bid to recover over N5 Trillion outstanding debts owed by the Asset Management Corporation of Nigeria (AMCON), with the formal inauguration of an inter-agency Committee to speedily resolve the challenges in recovering the debts. Vice President Yemi Osinbajo, SAN, inaugurated the Committee on Monday at […]

Indications have emerged that ABC Orjiako, guarantor of the loan in ongoing litigation between Asset Management Corporation of Nigeria, AMCON, and Shebah Exploration and Production, E&P, Company Limited, has made strong commitment to pay further.

A former Governor of Cross River State, Mr Donald Duke, has asked a Federal High Court sitting in Lagos to allow him pay the sum of N537,334,360.77 debt he owes Assets Management Company of Nigeria, AMCON.

Asset Management Corporation of Nigeria has taken over a block of flats belonging to the former governor of Cross River, Donald Duke, in Ikoyi due to non-payment of debts. ALSO READ: White helicopter supplies us ammunition in forest — Bandit

By Gambo Dori IN December last year at a forum organised by the NDIC in Lagos for selected group of editors, in the print and electronic media, I found out that there was a nagging feeling of frustration among the financial regulators on how to effectively deal with high profile debtors and checkmate their close […]

WE must, therefore, not shrink from accusing our friends or praising our enemies, nor need we be afraid of praising or blaming the same people at different times since it is impossible that men who are engaged in public affairs should always be right and unlikely that they should always be in the wrong. We must, therefore, detach ourselves from the actors in our story and apply to them only such statements and judgments as their conduct deserves – Polybius, 200-118 BC.

The United Capital Trustees Limited (UTCL) has challenged its inclusion amongst top institutions and individuals owing the Asset Management Corporation of Nigeria (AMCON).

Asset Management Corporation of Nigeria, AMCON, said weekend it had taken over Bao Yao Futurlex Iron & Steel Company Limited in Abuja and Bao Yao Huan Jian Iron & Steel, Calabar, Cross River State, due to failure to repay N3.6 billion debt.

Asset Management Corporation of Nigeria, AMCON, said weekend it has taken over Bao Yao Futurlex Iron & Steel Company Limited in Abuja and Bao Yao Huan Jian Iron & Steel, Calabar, Cross River State, due to failure to repay N3.6 billion debt.

LAGOS—THE Assets Management Corporation of Nigeria, AMCON, yesterday, released names of its top 20 debtors, barely 24 hours after Vice President Yemi Osinbajo set up a new task force to recover the over N5trillion owed the agency.

ASSET Management Corporation of Nigeria (AMCON) said that its intervention across sectors assisted to maintain economic stability and saved over 15,000 jobs.