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AMCON NEWS
News and analysis about AMCON
The attention of Asset Management Corporation of Nigeria (AMCON) has been drawn to the continuous activities of impostors and fake news websites that are spreading falsehood regarding “AMCON 2019/2020 Recruitment Exercise.”
As concerns continue to grow over the implementation of the new electricity tariffs across the country, a report has shown that the Nigerian power sector is responsible for N100 billion non- performing loans in the country.
Asset Management Corporation of Nigeria (AMCON) and United Bank for Africa (UBA) has now moved to claim properties belong to Former Cross River State Governor, Donald Duke following a federal high court injunction.
The Economic and Financial Crimes Commission (EFCC), has offered to assist AMCON in order to recover its N5 trillion bad debts.
The United Capital Trustees Limited (UTCL) has denied being indebted to the Asset Management Corporation of Nigeria (AMCON).
@MBuhari has assented to a new Act that gives the @amcon_ng more powers to enforce debt recovery from debtors' accounts.
The Hon. Justice B.F.M. Nyako of the Federal High Court has ordered AMCON to take over all the assets of two steel companies over a staggering indebtedness of over N3.6billion.
AMCON is set to release a TV documentary of prominent Nigerians who make up N5 trillion debt, stating that these are top public office holders.
The Securities and Exchange Commission (SEC) has advised shareholders of defunct Skye Bank Plc that have unclaimed dividends to contact Cardinalstone Registrars in order to process their dividend payments.
In a bid to recover its outstanding N5 trillion debt, @amcon_ng with the backing of @AsoRock, is set to deal with debtors.
AMCON's MD, Ahmed Lawan Kuru, has again reiterated the need for all hands to be on deck towards recovering over N5 trillion bad debts.
CBN revealed that the total amount of non-performing loans of Nigerian banks declined to N1.79 trillion in 2018.