The Asset Management Corporation of Nigeria (AMCON) has made available several properties for sale across key locations, including Lagos, Abuja, Oyo, Plateau, and Rivers states. This move is part of AMCON’s ongoing efforts to manage and resolve non-performing assets acquired from financial institutions. An advertorial published yesterday in Th...
The back and forth between the Asset Management Corporation of Nigeria (AMCON) and Arik Air, one of the airlines in receivership to the government debt recovery agency is becoming messier following the no-hold-back information released about the troubled airline by the agency today in Lagos. Addressing the media on the state of indebtedness of...
The federal government today, Monday, April 22, vowed to sell off the five electricity Distribution Companies (DisCos) now under the management of banks and Asset Management Company (AMCON) in the next three months to reputable technical power operators. Recalled that Abuja Electricity Distribution Company (AEDC) is currently under the managem...
Supreme Court AMCON The Supreme Court has halted the takeover of Suru Worldwide Ventures by the Asset Management Corporation of Nigeria (AMCON). The Supreme Court therefore ordered that the case between Suru Group, a commercial bank, and the Mr Gbenga Alade-led Asset Management Corporation of Nigeria, (AMCON) be returned to the High Court, rep...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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