amcon

  1. 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...
  2. 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...
  3. 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...
  4. 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...
  5. RemmyAlex

    Metro AMCON Publishes Names of 100 'Chronic Debtors' [FULL LIST]

    The Asset Management Corporation of Nigeria (AMCON) has released a list of 100 out of a total of 217 “Chronic Debtors” in their books, including firms and individuals, as authorized by the Central Bank of Nigeria (CBN). In a statement, AMCON said: “Further to our various publications advising...
  6. RemmyAlex

    Business Ben Bruce's Silverbird Group Reopens After Face-Off With AMCON

    Silverbird Group- Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited, all belonging to Senator Ben Murray Bruce seized by Asset Management Corporation Of Nigeria over an N11b debt on Thursday, the Silverbird Group has re-opened for business yesterday...
  7. RemmyAlex

    Business N10bn Debt: AMCON Takes Over Afrijet Airlines

    The Federal High Court Lagos Division has granted an interim injunction against Afrijet Airlines Limited, owned by Chief Vitalis Ibe on the application of Asset Management Corporation of Nigeria (AMCON). The obligor owes AMCON nearly N10 billion. AMCON purchased the Eligible Bank Assets (EBAs)...
  8. Jules

    Politics AMCON Recovery Agent Mocks Murray-Bruce

    Kunle Adegoke, an attorney working with Muiz Banire (SAN), the debt recovery manager appointed by the Assets Management Corporation of Nigeria, AMCON today mocked common sense senator, Ben Murray-Bruce over the debt crisis facing the Silverbird group. PREMIUM TIMES reports that Adegoke...
  9. K

    Metro AMCON Takes Over Murray Bruce’ Silverbird Cinema in Lagos [PHOTOS]

    The Asset Management Corporation of Nigeria, AMCON, on Thursday morning took over all the assets of several companies belonging to Senator Ben Murray- Bruce. The companies affected are Silverbird Galleria Limited, Silverbird Promotions Limited and Silverbird Showtime Limited. See photos of...
  10. K

    Metro Nobody in Nigeria Can Seize My Property — Jimoh Ibrahim Rubbishes Court Judgement

    The Group Chairman of NICON Investment Limited, Mr. Jimoh Ibrahim, said yesterday that nobody in Nigeria can seize his properties. A Federal High Court sitting in Lagos had earlier given Assets Management Company of Nigeria, AMCON, an interim judgement to take over his firms over N50...
  11. K

    Politics 5 Key Roles of the Newly Set-up Presidential Loan Recovery Commmittee

    The Federal Government has set up an inter-agency committee on the recovery of loans granted to commercial banks and corporate organisations by Asset Management Corporation of Nigeria (AMCON). The committee headed by the Minister of Justice and Attorney General of the Federation (AGF)...
  12. RemmyAlex

    Business EFCC Shuts Obat Oil’s Tank Farm Over Diversion of N1.2bn Subsidy Fund

    The Economic and Financial Crimes Commission (EFCC), yesterday, shut down a tank farm belonging to Obat Oil and Petroleum Limited at Kirikiri, Lagos, for alleged diversion of subsidy payment. Petrocam Trading Nigeria Limited had reported Obat Oil to EFCC for allegedly diverting N1.2 billion...
  13. Lequte

    Business Nigeria: AMCON to Sell its Stake in Peugeot Car Plant

    Nigeria's state-backed "bad bank", the Asset Management Corporation of Nigeria (AMCON) on Tuesday announced that it plans to sell its majority stake in Peugeot Automobile Nigeria (PAN) Limited, a local joint venture with the major French automaker, and is seeking bids from investors. In a...
  14. RemmyAlex

    Business Fresh Trouble As Crude Oil Prices' Fall Continues - Guardian

    Despite the Federal Government’s using a crude oil price benchmark of N38 for its 2016 proposed budget, an economic crisis looms. This is because by yesterday, the oil price continued to plummet, falling below $37 per barrel and international Brent crashing to below $40 for the first time since...
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