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AMCON to sack asset partners over N740b debt recovery

AMCON to sack asset partners over N740b debt recovery

The Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has hinted on the corporation’s plan to disengage Asset Management Partners (AMPs) that are not effective in recovering N740 billion debts assigned to them. The AMPs are currently handling over 6,000 accounts within AMCON portfolio but outsourced to them. The accounts outsourced to AMPs […] …

Skye Bank: Why we chose bridge bank option – CBN, NDIC

Skye Bank: Why we chose bridge bank option – CBN, NDIC

Nigeria’s financial sector regulatory authorities at the weekend said they decided to adopt the bridge bank option in resolving the Skye Bank crisis to protect depositors’ funds and employees in the now defunct bank. The Central Bank of Nigeria (CBN) on Friday revoked the operating license of Skye Bank, replacing it with Polaris Bank Limited, […]
The post Skye Bank: Why we chose bridge bank option – CBN, NDIC appeared first on The Sun Nigeria. …

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