Tags: AMCON

Debt Recovery, EFCC Pledges More Support for AMCON

In a renewed strategy to recover the whopping total debt obligation of over N4.6 trillion owed Asset Management Corporation of Nigeria (AMCON) by recalcitrant debtors across the country, AMCON on Thursday met with the Economic and Financial Crimes Commission (EFCC). The meeting was for both agencies to consolidate on the gains of their relationship especially…

Unpaid Debt: Court Orders AMCON Takes Over Gateway Portland Cement

Hon. Justice A.T. Mohammed of The Federal High Court Abeokuta Division, Ogun State has granted an injunction against Gateway Portland Cement Limited and Dr. Olumuyiwa Odegbami on the application of Asset Management Corporation of Nigeria (AMCON). AdvertisementConsequent upon the court order, AMCON’s Receiver, Mr. Charles Adeogun-Phillips has formally and successfully taken possession of Gateway Portland…

Arik Air’s Debts to AMCON; Shareholders In Talks With Core Investor 

Advertisement The shareholders  of Arik Air, gathered momentum to settles the debts as they held several talks with a Middle East-based firm to invest in the airline to enable the management to pay off the debts it (Arik) owes to Asset Management Corporation of Nigeria (AMCON) and the other creditors. Amehnews learnt that the airline’s…

Court Orders AMCON To Takes Over Wokson International Limited

  Advertisement Hon. Justice Babs Kuewumi of the Federal High Court Lagos Division has granted an injunction against Wokson International Limited in Asaba and Warri in Delta State on the application of Asset Management Corporation of Nigeria (AMCON). The order therefore mandates AMCON to take over all the assets of Wokson International Limited and Chief…

AMCON Will Ensure The Success of The AMP Programme – Kuru

Managing Director/Chief Executive, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru (left) addressing participants at the just concluded Asset Management Partners (AMPs) feedback session with AMCON management and the AMPs at Stonhedge Hotel, Maitama, Abuja during the week. AMPs are firms that are working with AMCON to resolves debts of N100million and below Advertisement One…