amcon

  1. Samguine

    Metro Only 350 Nigerians responsible for 80% of N5.4 trillion debt – AMCON – Premium Times Nigeria

    The Asset Management Corporation of Nigeria (AMCON), says that only 350 Nigerians are responsible for more than 80 per cent of the N5.4 trillion debt portfolio of the company. The Managing Director/Chief Executive Officer of AMCON, Ahmed Kuru disclosed this in an interview with the … Read...
  2. curator

    AMCON plans ‘name and shame’ for politically exposed debtors – The Guardian Nigeria...

    The quest for debt recovery by the Asset Management Corporation of Nigeria (AMCON) would soon test the option of “name and shame,” especially for the Politically Exposed Persons (PEPs), … Read more via The Guardian Nigeria Newspaper – Nigeria and World News – https://ift.tt/2JdBPtv Get...
  3. curator

    AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector – Nairaland

    The Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has commended the decision of the Central Bank of Nigeria (CBN) to take necessary measures to compel commercial banks to lend to the real sector for economic growth and stability. Kuru, stated recently in...
  4. curator

    AMCON injects N40bn into Arik Air, Aero, ailing firms – Newtelegraph Newspaper

    As part of the Federal Government’s efforts to revive the country’s aviation sector, the Asset Management Corporation of Nigeria (AMCON) has injected about N40 billion into Arik Air, Aero and other ailing companies in the sector. AMCON’s Managing Director/Chief Executive Officer, Ahmed Kuru...
  5. siteadmin

    Politics Senate moves to rescue Kanu Heart Foundation from AMCON take-over – Premium Times Nigeria

    The senate has resolved to rescue Kanu Heart Foundation from take-over by Asset Management Corporation of Nigeria, AMCON. The non-governmental organisation was founded by former superstar footballer, Kanu Nwankwo, to help underprivileged African children and young adults living with heart...
  6. Jules

    Business AMCON Sells Keystone Bank

    The Asset Management Corporation of Nigeria, AMCON on Monday announced the sale of Keystone Bank, one of Nigeria’s commercial banks. Keystone Bank was sold to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium). A statement signed by...
  7. RemmyAlex

    Business End Of The Line? Banks To Take Over Etisalat Over N541.8 Billion Naira Debt

    Premium Times is reporting that a consortium of Banks is set to take over Etisalat Nigeria over a loan facility totalling $1.72 billion (about N541.8 billion) obtained in 2015. The medium reported that despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful...
  8. Lequte

    Business Nigeria Senate Says AMCON's Takeover of Arik Air is Belated

    The Nigeria Senate has condemned the takeover of the operations of Arik Air, saying the action is late and belated. The Senate Committee on Banking, Insurance and Other Financial Institutions, made the statement after it reviewed the ugly details that crippled the operations of Arik Air. The...
  9. Lequte

    Business AMCON Employs Foreign Airlines to Manage Arik Air

    Mr. Ahmed Kuru, the Managing Director of the Assets Management Company of Nigeria (AMCON) has stated that foreign airline operators will be called on to manage Arik Airline. In a session with House of Representatives aviation committee on Wednesday in Abuja, he said AMCON is already discussing...
  10. RemmyAlex

    Business KPMG To Audit Arik Air

    The new management of Arik Air has appointed KPMG, a world-class financial expert, to undertake a forensic and diagnostic audit of the finances of the airline to ascertain the true status of its finances. This was disclosed in a statement yesterday issued by Simon Tumba of SY&T Communications...
  11. K

    Business FG Reveals Plan For ‘Newly Acquired’ Arik Air

    The Federal Government of Nigeria has denied plans to convert embattled airline, Arik Air, to a national carrier. Reacting to the rumour, the Deputy Director, Press and Public Affairs, Aviation Ministry, Mr. James Odaudu, explained that the report was false and unfounded. He explained that...
  12. RemmyAlex

    Business Ado Sanusi Appointed As CEO Of Aero Contractors

    Capt. Ado Sanusi has been appointed as the new Chief Executive Officer of Aero Contractors and will on Monday assume office. The Asset Management Corporation of Nigeria has announced that he takes over from Capt. Fola Akinkuotu, who was recently appointed as the Managing Director of the...
  13. RemmyAlex

    Business Why We Took Over Arik Air – AMCON

    The Asset Management Corporation of Nigeria (AMCON) Thursday took over the executive control of Arik Air to save the carrier from collapse due to its heavy financial debt burden. The airline will now be managed by Capt. Roy Ukpebo Ilegbodu, a veteran aviation expert with more than 30 years...
  14. RemmyAlex

    Business Why AMCON Took Over Dangote's Factory

    The Asset Management Corporation of Nigeria, AMCON last Friday successfully took over possession and management of Dansa Foods Processing Company Limited belonging to Sani Dangote in order to recover its N400 million outstanding debt. Sani Dangote is the younger brother to Aliko Dangote...
  15. RemmyAlex

    Business AMCON To Sell Keystone Bank to 2 Powerful Northern Cabals

    Some senior officials of the Asset Management Corporation of Nigeria have alleged the planned sale of Keystone Bank Ltd to some powerful northern cabals. According to Premium Times, the state-owned asset management company is set to announce new owners for the bank, which is the last of the...
  16. RemmyAlex

    Business Aero Contractors Airlines Shut Down Operations

    Aero Contractors Airlines, Nigeria’s second largest commercial carrier, has announced that it is shutting down services beginning from Thursday (tomorrow) September 1, 2016, over Nigeria's current economic situation. The airline management said this in a statement signed on Wednesday. Aero...
  17. RemmyAlex

    Business AMCON To Conclude Keystone Bank Sale In 2 Weeks

    Asset Management Corporation of Nigeria (AMCON) has said that it will soon conclude the sale of Keystone Bank formerly Bank PHB, the last of the three banks which the bad bank took over in August 2011. According to the Managing Director and Chief Executive of the bad bank, Ahmed Kuru, the sale...
  18. Lequte

    Business MRS Challenges AMCON, Says It Has Paid Its Debts

    MRS Holdings Limited has kicked against moves by AMCON to shut down its operations over an alleged N81bn debt. Read: AMCON Set To Shut Down Dantata's MRS In a statement released on Tuesday, MRS said it is not indebted to AMCON. “MRS challenges in the strongest possible terms the false claim...
  19. K

    Metro AMCON Pursues Nigeria's Second Richest Adenuga Over Unpaid Bills

    Nigeria’s second richest man, Mike Adenuga is being pursued for a combined debt of over $140.5 million by two foreign and one local companies, Premium Times reports. Despite making several pledges to pay, ConOil and other companies owned by Mr. Adenuga have reneged on paying the debts...
  20. RemmyAlex

    Metro Why We Re-Opened Ben Bruce's Silverbird and Rhythm FM - AMCON

    The Assets Management Corporation of Nigeria, AMCON, on Thursday effected a court order to take possession of Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited which are part of the media group owned by businessman and politician, Ben Murray-Bruce, and...
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