Tag: AMCON
FG orders sale of Abuja, Ibadan, Benin, Kano, Kaduna DisCos
As blackout and inefficiency persist in the power sector across the country, the Federal Government has ordered the sale of five electricity Distribution Companies...
Tinubu appoints Gbenga Alade as AMCON MD, names 3 executive directors
President Bola Tinubu has approved the appointment of Gbenga Alade as the Managing Director/Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON),...
Supreme Court voids AMCON takeover of Lagos hotel
The Supreme Court has affirmed the judgement of the Court of Appeal, Lagos Division, nullifying the takeover of the landed property of Suru Worldwide...
Job racketeering: Reps threaten to invoke constitutional power on IPPIS, AMCON
The House of Representatives has threatened to invoke its constitutional power on IPPIS, Budget Office, and the Assets Management Company of Nigeria (AMCON) over...
Jimoh Ibrahim loses appeal to recover seized assets over N69.4bn debt
The Court of Appeal, Lagos Division, has dismissed an appeal brought before it by the chairman of Global Fleet Group, Jimoh Ibrahim, who is...
N2.4bn debt: AMCON takes over Glano’s assets
The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over N2.4 billion debt.
AMCON, which was established to...
CBN opens up on sale of Polaris Bank
The Central Bank of Nigeria (CBN) says Fairview Acquisition Partners did not acquire 100 per cent equity in Polaris Bank Ltd.
The CBN said the...
AMCON recovers N307bn from bank debtors in 2 years
The Asset Management Corporation of Nigeria (AMCON) has recovered N307 billion from recalcitrant debtors in two years.
In 2020, the sum of N146 billion was...
AMCON debt recovery c’ttee submits report to FG
An inter-agency committee set up on the recovery of debts owed to the Asset Management Corporation of Nigeria (AMCON) has submitted its report to...
SCIL acquires Polaris Bank for N50bn, to pay N1.3trn in 25...
The Strategic Capital Investment Limited (SCIL) has paid N50 billion for the acquisition of 100 per cent equity in Polaris Bank.
The Central Bank of...
