Asset Management Corporation of Nigeria

Former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, failed to appear in court on Monday to face a six-count charge, including alleged theft of Arik Air's property and abuse of office. Kuru,…

The Board of Polaris Bank Limited and Asset Management Corporation of Nigeria, the bank’s major shareholder, have announced the appointment of Innocent C. Ike as the Acting Managing Director/CEO effective September 1, 2020. The…

The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Ahmed Lawan Kuru, has renewed the call for legislative support to his agency. The AMCON CEO made the call at the weekend when he led…

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…

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…

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…

Banking sector’s non-performing loans stood at N1.676tn as of the end of March 2019, latest statistics from the National Bureau of Statistics revealed. The gross loans recorded in the banking sector stood at N15.480tn, while the loans…

The Asset Management Corporation of Nigeria (AMCON) says over Asset Management Partners (AMPs), who are not able to recover debts from 6,000 accounts valued at over N740 billion may be disengaged. The managing director of the…