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…

7 months ago

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…

9 months ago

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…

9 months ago

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…

1 year ago

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,…

1 year ago

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.…

2 years ago

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…

2 years ago

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…

2 years ago

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…

2 years ago

SCIL acquires Polaris Bank for N50bn, to pay N1.3trn in 25 years

The Strategic Capital Investment Limited (SCIL) has paid N50 billion for the acquisition of 100 per cent equity in Polaris…

2 years ago

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