Contrary to reports that the Assets Management Corporation of Nigeria (AMCON) could take over the Dangote Refinery over debts owed by the Dangote Group to banks, the corporation have denied such claims, saying it have no business with the group. Some online news platforms had on Tuesday reported that Africa’s richest man, Aliko Dangote, could…
The Asset Management Corporation of Nigeria (AMCON) and its receiver manager have been brought to the center of a media circus owing to the allegations of Olajide Awosedo, chairman of Grant Properties Limited, against the corporation. AMCON has now given a detailed response to the allegations. WHO IS OLAJIDE AWOSEDO? Mr. Olajide Awosedo is the…
The Federal Government has been called upon to call the Asset Management Corporation of Nigeria, AMCON, to order before its recent actions finally wreck the country’s economy. This passionate appeal was made by some experts in the Nigerian financial service sector, who also called on relevant agencies to caution the corporation before it further damage…
**AMCON, Others On The Glo Owner’s Neck Over Unpaid Bills These are definitely not good times for one of Nigeria’s richest men, Mike Adenuga. He is said to be chased by Asset Management Company of Nigeria, AMCON, over unpaid debt. Sometimes ago, officials of the Federal Inland Revenue Service, FIRS, were after the billionaire’s company…
On Tuesday, the Chief Executive Officer of Zimbabwe Asset Management Corporation, ZAMCO, Dr Cosmas Kanhai, paid a courtesy visit to the head of a similar agency in Nigeria, Aminu Ismail of the Asset Management Corporation of Nigeria, AMCON. Kanhai was in Nigeria along with his top officers to see ways of collaborating with each other.…
A Presidential Inter-Agency Committee on recovery of loans granted to commercial banks and corporate organizations by Asset Management Corporation of Nigeria, AMCON, has been set up by the Federal Government. This was revealed in a statement made available to the media on Monday by Salihu Othman Isah, spokesman of the Attorney General of the Federation…
***Appoints professional debt resolution firms as partners As part of its renewed strategy to resolve over 6000 accounts with loan balances of N100 million and below, the Asset Management Corporation of Nigeria (AMCON) has flagged off its induction programme for successful firms that qualified as its Asset Management Partners (AMPs). The AMPs are consortiums with…
The Managing Director of Heritage Bank, Ifie Sekibo, has promised to ensure the newly acquired bank, Enterprise Bank, will become more successful. This assurance will interest customers of the bridged bank, who before now many be nursing some fears. Sekibo made this disclosure on Tuesday in Lagos at the Board Divestment Closure ceremony organised by…
Ifeanyi Ubah, Chief Coordinator of Transformation Ambassadors of Nigeria, TAN, a campaign group for President Goodluck Jonathan re-election ambition, has returned as the MD/CEO of Capital Oil and Gas, nearly 17 months after the company was taken away from him. Following an alleged debt of about N65 billion, the Asset Management Company of Nigeria, AMCON,…