AMCON
FG mulls converting Arik, Aero contractors to national airlines
The Asset Management Corporation of Nigeria (AMCON) has revealed plans to merge Arik and Aero Contractors airlines and transform the combined entity into...
Tinubu names Gbenga Alade as AMCON MD/CEO
President Bola Tinubu has appointed a new management team for the Asset Management Corporation of Nigeria (AMCON), with Mr. Gbenga Alade as the...
AMCON not interested in grounding businesses, but support them with funds to pay their debts — Kuru
Asset Management Corporation of Nigeria (AMCON) says it is committed to supporting businesses in distress in the overall interest of the country’s economy....
AMCON battling 3,000 court cases, restraining orders to sell off debtors’ N3.6trn assets — MD
With over 3,000 cases in court, the Asset Management Corporation of Nigeria (AMCON) has restraining orders from the courts not to sell assets...
AMCON’s recovery of about N1.4trn, a feat, says Uneze
The Executive Director, Assets Management Corporation of Nigeria (AMCON), Dr Eberechukwu Uneze, says the recovery of over N1.4 trillion out of the total...
Ibadan Disco slumps, taken over by AMCON
The insolvent Ibadan Electricity Distribution Company (IBEDC), distributing power to Ogun, Oyo, Osun, Kwara and some parts of Ekiti, has been taken...
N69.4bn debt: Appeal Court affirms AMCON’s seizure of Jimoh lbrahim’s assets
The Chairman of Global Fleet Group of companies and businessman, Jimoh Ibrahim, has lost the bid to stop the Asset Management Corporation...
Few days after announcing new political movement, ex-Kwara Governor’s property sealed by AMCON over N5bn debt
“Other assets of the former Governor, which the Honourable Court granted AMCON possession over include: No 13, Alhaji Masha Road, Surulere; No....
N69.4bn debt: AMCON confiscates Jimoh Ibrahim’s prime assets in Lagos, Abuja
With debt overhang of N70 billion, the Asset Management Corporation of Nigeria (AMCON) says it has taken possession of 12 prime assets of...
N29bn AMCON debt: Diezani’s ally, Jide Omokore Loses estates in Lagos, Abuja
For unpaid N29 billion debt, The Asset Management Corporation of Nigeria (AMCON), has secured a Federal High Court’s order in Lagos, to take...
Buhari signs three bills passed by eighth assembly
President Muhammadu Buhari has assented to three more Bills passed by the 8th National Assembly and transmitted to him for Assent. ...
FG sets up task force to recover N5trn AMCON debts
The federal government has set up a task force to recover the over N5 trillion outstanding debt owed the Asset Management Corporation...
AMCON exploring other legal options in recouping N5trn debt
The Asset Management Corporation of Nigeria (AMCON) is exploring other legal options as part of its recovery strategy to recoup N5 trillion owed...
