Tag: Asset Management corporation of Nigeria

AMCON takes over the residence of Buba Galadima

The Asset Management Corporation of Nigeria (AMCON) has taken over the Abuja residence and company of Buba Galadima, a former ally of President Muhammadu Buhari, over “debts to the tune of N900 million”. Jude Nwauzor, the corporation’s corporate communications head, disclosed this in a statement on Tuesday. He said Galadima[Read More…]

Court Orders Release Of Businessman, Ifeanyi Ubah

A Federal High Court in Lagos on Thursday ordered the release from detention of the Chairman of Capital Oil and Gas Ltd, Ifeanyi Ubah. Justice Mohammed Idris issued the order while ruling on various applications for and against the release of the applicant. Ubah had filed the suit through his[Read More…]

Court Orders AMCON To Take Over Senator Ben Bruce’s Silverbird Galleria Over N11B Debt

If nothing is done, the Asset Management Corporation of Nigeria (AMCON) will on Thursday morning take over the assets of three companies belonging to politician Ben Murray-Bruce and his brothers. The planned takeover followed the June 17 interim orders granted by Justice Cecilia Olatoregun-Ishola of the Federal High Court, Lagos,[Read More…]

Nigerian Senators Worried As Buhari Ignores The Law To Appoint AMCON Management

Some members of the National Assembly have expressed concern that in announcing the appointment of a new executive management team for the Asset Management Corporation of Nigeria (AMCON), President Muhammadu Buhari may have overlooked the statutory requirement of seeking the Senate’s confirmation for his nominees before they can become substantive[Read More…]

Are You Owing Any Nigerian Bank? AMCON Is About To Publish Your Names

The Asset Management Corporation of Nigeria (AMCON) on Monday asked loan defaulters to immediately square their accounts or it would publish their names in line with a directive by the Central Bank of Nigeria (CBN). The central bank in April directed lenders to give bad debtors three months to square[Read More…]

‘Are You Owing’? Central Bank Of Nigeria To Publish List Of Bank Debtors

by Chris Nomjov The Central Bank of Nigeria (CBN) and deposit money banks (DMBs) in the country yesterday disclosed plans to publish the names of new bank debtors. In addition, the central bank said it might be compelled to stop such loan defaulters from accessing FOREIGN EXCHANGE through the interbank[Read More…]

Skye Bank Wins Bid To Buy Over Mainstreet Bank

Skye Bank Plc has won the bid to buy the assets of Mainstreet Bank. This was announced by the Asset Management Corporation of Nigeria (AMCON) It also  announced Cedar One Investment Partners Limited as the first reserve bidder and Fidelity Bank Plc as the second reserve bidder for the acquisition of[Read More…]