AMCON mulls disengagement of non-performing AMPs
ASSET Management Corporation of Nigeria, AMCON, has hinted that it would disengage Asset Management Partners, AMPs, that cannot cope with the speed and enormous challenges of debt recovery expected by the corporation.
N29bn debt: AMCON takes over Sea Petroleum Oil & Gas Limited
ASSET Management Corporation of Nigeria, AMCON, has taken over the assets of Sea Petroleum Oil & Gas Limited due to failure to repay N20 billion debt owed Union Bank of Nigeria Plc. The company is owned by former Minister of Aviation, Princess Stella Oduah-Ogiemwonyi. The take-over was by a court order.
AMCON plotting to sell my property — Suru Group boss
Chairman of Suru Group, Mr Edward Akinlade, has raised the alarm over alleged plot by Asset Management Corporation of Nigeria, AMCON, to sell his property, Best Western Plus Hotel, located on Allen Avenue Ikeja, Lagos without due process.
Debt recovery: NASS to vest more powers on AMCON
Chairman, House of Representatives Committee on Banking and Currency, Sir Jones Onyereri, has said the House was currently working at amending the Act establishing Asset Management Corporation of Nigeria, AMCON.
AMCON advocates special market to enhance asset valuation, disposal
ASSET Management Corporation of Nigeria (AMCON) has called for the creation of ‘AMCON Market,’ to enable it dispose several billions of naira worth of assets that are tied down in its books due to inappropriate valuation, strange market forces among other vices.
DTN hails firm’s takeover by AMCON
The Board and Management of Folio Communications Limited, owners of Daily Times of Nigeria, DTN, have hailed the takeover of the company by the Asset Management Company of Nigeria, AMCON.
