Tag: AMCON
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Shareholders lament over N436bn levy AMCON collected from 7 banks
Shareholders have kicked against the N436.5 billion paid to the Asset Management Corporation of Nigeria (AMCON) by seven banks as banking sector resolution costs in 2024.
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Senate confirms Bello, part-time Chairman, 5 others Non-Executive Directors, AMCON
The Senate on Wednesday confirmed the nomination of Dr Bala Bello, representing North-East as part-time Chairman of the Asset Management Corporation of Nigeria (AMCON).
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Cross River Govt. takes over Tinapa from AMCON
The government of Cross River, says it has taken over the possession of the foremost Tinapa Business Resort following an agreement with the Asset Management Corporation of Nigeria (AMCON). Gov. Bassey Otu made the disclosure on Tuesday at a media parley with selected journalists in Calabar.
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AMCON vows to recover N227bn debt from Arik Air
The Asset Management Corporation of Nigeria (AMCON) says it is determined to recover N227 billion debt from Arik Air.
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Tinubu appoints AMCON management team
President Bola Tinubu has approved the appointment of the management team for the Asset Management Corporation of Nigeria (AMCON), pending its confirmation by the Nigerian Senate.
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Supreme Court voids AMCON takeover of Lagos Hotel
The Supreme Court on Friday affirmed the judgment of the Court of Appeal Lagos nullifying the takeover of the landed property of Suru Worldwide Ventures Nigeria Limited by the Asset Management Corporation of Nigeria (AMCON). Justice Emmanuel Agim in his judgment dismissed the appeal brought to it by AMCON and affi
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Court orders Senator to repay N136m bank debt to AMCON
A Federal High Court, Abuja has ordered Sen. Victor Umeh to pay about N136 million to the Asset Management Corporation of Nigeria (AMCON) over his unpaid bank loan. Justice Inyang Ekwo, in a judgment in the suit marked: FHC/ABJ/AMC/12/2022,
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Court restrains AMCON from Selling IBEDC
Justice Chukwujekwu Aneke of the Federal High Court, Lagos Judicial Division, has again restrained the Asset Management Corporation of Nigeria, from selling the Ibadan Electricity Distribution Company (IBEDC) Plc. The Court’s ruling on interlocutory injunction sought by
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Why I initiated AMCON Act amendment – Uba Sani
Sen. Uba Sani, Chairman Senate Committee on Banking, Insurance and Other Financial Institutions, says he initiated the amendment to the AMCON Act to recover over N4.7 trillion owed government by a few individuals.
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Ibadan Disco: Court stalls AMCON take over bid
The Federal High Court sitting in Lagos on Thursday adjourned till November 16, 2022 to hear a motion filed by Integrated Energy Distribution and Marketing Company Limited (IEDMCL) challenging the Asset Management Company of Nigeria (AMCON)’s attempted sale of the Ibadan Electricity Distribution Company (IBEDC). Justice Chukwujekwu Aneke fixed the date following IEDML application filed…