AMCON

Sterling Bank Plc, a full service national commercial bank, has reported a trading income of N7.1 billion for the third quarter ended September 30, 2020, compared with N1.9 billion for the corresponding period of 2019, representing an…

The Federal Government of Nigeria will spend N1,654,821,585,930 under its service-wide votes in 2021 which comprises expenditures on the settlement of bills, local debts and contributions to International organisations amongst…

The Asset Management Corporation of Nigeria (AMCON) has seized several multi-billion Naira properties across Lagos. AMCON enforcement units and sheriffs of the Federal High Court protected by policemen sealed up the properties in…

…As AMCON gets new Chair* The Senate on Tuesday received a formal request from President Muhammadu Buhari for the confirmation of Muhammad Mamman Nami as the Executive Chairman of the Federal Inland Revenue Service (FIRS). The…

Chairman of Capital Oil and Gas Limited, Senator Infeanyi Patrick Ubah's planned arraignment by a Lagos Federal High Court has been adjourned till February 13, 2020 due to his absence in court. First defendant Ubah and Second…

The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors. The 2018 annual report of the corporation just released in Abuja said…

The debt of the Asset Management Corporation of Nigeria may rise from the current value of N5tn to a N6.6tn by 2024. A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr Muyiwa Balogun, who said this, noted that AMCON still owed…

About 3,891 firms and other debtors have taken individual loans above N1bn, totalling N13.19tn of loans in the banking sector. Latest figure by the National Bureau of Statistics revealed that the total loans in the banking sector stood…

A Lagos Division of the Federal High Court has ordered the Asset Management Corporation of Nigeria and United Bank for Africa to take over the Ikoyi property of a former governor of Cross River State, Donald Duke, over an alleged debt of…

The acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has vowed to assist the Asset Management Corporation of Nigeria to recover over N5 trillion being owed it by individuals and companies. Magu made the…