Tag: AMCON
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...
Debt settlement: AMCON returns shoe company to Imo govt
The Asset Management Corporation of Nigeria (AMCON) has handed over the original title documents of Standard Shoe Company Limited, a footwear manufacturing factory co-founded...
Fidelity Bank, AMCON take over 4 DisCos over debts
Fidelity Bank has taken over the boards of Kano Electricity Distribution Company (KEDCO, Benin, Benin Electricity Distribution Company (BEDC), and Kaduna Electric.
Also, Ibadan Electricity...
AMCON seizes Aeroland’s assets over N1.8bn debt
The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Aeroland Travels Limited and its directors over an indebtedness of N1.8 billion.
This...
Court to Arik Air: Pay sacked pilot $126,500 in 30 days
The National Industrial Court has ordered Arik Air to pay Ratovic Miroslav, a former pilot $126,500 in 30 days.
The court gave the breakdown of...
N135bn debt: AMCON amends criminal charge against Ifeanyi Ubah
The Asset Management Corporation of Nigeria (AMCON) has amended the criminal charge filed against Senator Ifeanyi Ubah and his company, Capital Oil and Gas...
N69bn debt: Jimoh Ibrahim prays court to reject AMCON’s plea
Billionaire businessman, Barr. Jimoh Ibrahim, has urged a Federal High Court sitting in Abuja to strike out a motion filed by the Asset Management...
Ayeni takes back Ibadan DisCo from AMCON
Billionaire businessman, Mr. Tunde Ayeni, has taken back the control of the Ibadan Electricity Distribution Company (IBEDC) Limited from the Assets Management Corporation of...
N69.4bn debt : Jimoh Ibrahim loses bid to recover assets, bank...
Chairman of Global Fleet Group, Jimoh Ibrahim, has lost out in his bid to recover assets and bank accounts in possession of the Asset...
