Asset Management Corporation of Nigeria (AMCON) has called on the Federal Government to reintroduce the Failed Bank Act to curb financial rascality in order to address the resurgent of huge non performing loans in the banking sector.
Continue reading AMCON calls for re-introduction Failed Bank Act at Vanguard News Nigeria. …
AMCON
AMCON may disengage asset management partners slow in recovering N740bn debt
Ahmed Kuru, managing director/CEO of the Asset Management Corporation of Nigeria (AMCON) says AMCON may disengage asset management partners (AMPs) that cannot cope with the speed and enormous challenges of The post AMCON may disengage asset management partners slow in recovering N740bn debt appeared first on TheCable.
AMCON mulls disengagement of non-performing AMPs
ASSET Management Corporation of Nigeria, AMCON, has hinted that it would disengage Asset Management Partners, AMPs, that cannot cope with the speed and enormous challenges of debt recovery expected by the corporation.
Continue reading AMCON mulls disengagement of non-performing AMPs at Vanguard News Nigeria. …
AMCON decries declining N5 trillion assets, gets new board
The Asset Management Corporation of Nigeria (AMCON) at the weekend decried the falling value of its N5 trillion assets, stating that their current worth might not exceed N1 trillion owing to the toxic nature of banks’ belongings. Its Managing Director, Ahmed Lawan Kuru, who spoke at the inauguration of the new Muiz Banire-led board by […]
The post AMCON decries declining N5 trillion assets, gets new board appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …
AMCON to commence sale of Polaris Bank after elections
AMCON To Commence Process Of Polaris Bank Sale After Elections
The Assets Management Corporation of Nigeria (AMCON) has said that it will commence the process for the sale of Polaris Bank, after the general elections. Spokesman for AMCON, Jude Nwazor, said that the corporation will advertise for investors to express their interest which will help the process of the sales after the election. READ … Continue reading AMCON To Commence Process Of Polaris Bank Sale After Elections …
AMCON saved 2,600 jobs in Arik Air – Experts, FG
Uche Usim, Abuja Two years after the Asset Management Company of Nigeria (AMCON) appointed an interim management for financially-ailing Arik Air which was at the brink of collapse, the Federal government and aviation experts have hailed the move, saying it brought the local carrier back to life and saving up 2,600 jobs. Arik Air which […]
The post AMCON saved 2,600 jobs in Arik Air – Experts, FG appeared first on The Sun Nigeria. …
Lawyer demands sanction for Delta CP, ACP over AMCON
A Warri-based lawyer, Oghenero Okoro, has called on the Police Service Commission, PSC, to investigate an alleged questionable role played by the Commissioner of Police, Delta State, Mr. Anthony Ogbizi and Assistant Commissioner of Police, ACP, Burutu Area Command, Mr. Marvelous Ikugiobe, in a case of contempt of court.
Continue reading Lawyer demands sanction for Delta CP, ACP over AMCON at Vanguard News Nigeria. …
AMCON charges AMPs to recover N740bn banks’ bad debt
The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has called on the Corporation’s Asset Management Partners (AMPs) to work hard to recover the 20 percent or N740billion of the total Eligible Bank Assets (EBAs) of AMCON’s out of the outstanding debt portfolio of N3.7trillion
Continue reading AMCON charges AMPs to recover N740bn banks’ bad debt at Vanguard News Nigeria. …
AMCON collaborates to recover N740b
The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has promised to support AMCON’s Asset Management Partners (AMPs) in its bid to recover its outstanding cash. Specifically, it is seeking the recovery of 20 per cent or N740 billion of the total Eligible Bank Assets (EBAs) of AMCONRead More …