AMCON a drain on the nation’s economy ― Senate
Ben Agande – Kaduna The Senate Committee on Banking, Insurance and other Financial Institutions has said that Assets Management Company of Nigeria which was set up by the government to buy back bad debts by banks has become a drain on the nation’s economy, adding something must be done to reverse the trend. In a […]
Babalakin, Nnamani, Kashamu, others on AMCON’s top 20 debtors’ list
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.
AMCON’s intervention saved over 15,000 jobs, says Kuru
ASSET Management Corporation of Nigeria (AMCON) said that its intervention across sectors assisted to maintain economic stability and saved over 15,000 jobs.
Amcon should name chronic debtors now
The Asset Management Corporation of Nigeria, AMCON, which acquired about 13,800 non-performing loans from banks in 2010 eventually had N5trillion debt to recover from the debtors nationwide. Some notorious deadbeats are indebted to more than one bank. The N5 trillion involved is more than double the loans the Federal Government will be incurring this year to support the 2019 budget.
Lagos residents raise the alarm over alleged forceful eviction by AMCON
Over 300 residents and families of Victory Park Estate sitting on about 33 hectares of land located in Osapa London along Lekki Epe Expressway, Lagos have raised the alarm over move by the Asset Management Corporation of Nigeria (AMCON to forcefully evict them from their properties.
AMCON calls for re-introduction Failed Bank Act
Asset Management Corporation of Nigeria (AMCON) has called on the Federal Government to reintroduce the Failed Bank Act to curb financial rascality in order to address the resurgent of huge non performing loans in the banking sector.
