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N4.4trn Debt: Some Prominent Nigerians Delaying AMCON’s Recovery Effort – Senate

Senate Committee on Banking, Insurance and other Financial Institutions has decried that prominent Nigerians were “frustrating” the effort of the Asset Management Corporation of...

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ÀMCON Moves To Seize Debtors Assets, Senate Okays Bill

An amendment bill that will enable the Asset Management Corporation of Nigeria (AMCON) to takeover debtors' assets has been passed by the Senate Wednesday. The...

News

Alleged N69.4bn Debt: Court Throws Out Order Against Jimoh Ibrahim’s Assets

The Federal High Court, Abuja, on Monday, set aside the interim order through which the Asset Management Corporation of Nigeria (AMCON) seized property belonging...

News

N3.6 Trillion Massive Debts Will Be Recovered, AMCON Vows

By Abiola Olawale The Asset Management Corporation of Nigeria (AMCON) has vowed to recover the debt of N3.6 trillion owed by 350 debtors. Following the revelation...

Business

Festus Fadeyi: The Inside Story of How An Oil Mogul Threw Pan Ocean Off Balance

The news that the National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)...

News

Sterling Bank Records N7.1bn Profit For Q3 Despite Covid-19-induced Crisis

Notwithstanding the Covid-19-induced economic crisis, Sterling Bank Plc reported a trading income of N7.1 billion for the third quarter (Q3) which ended Sept. 30,...

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N70bn Bad Debt: AMCON Seizes Jimoh Ibrahim’s Accounts, Nicon Luxury, Others

The Asset Management Corporation of Nigeria (AMCON) has taken over some assets belonging to businessman, Jimoh Ibrahim, over a N69.4 billion debt. This follows the...

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