AMCON boss, Kuru calls for reintroduction of Failed Bank Act

Photo Caption: Mr Magnus Nnoka, CRM President, RIMAN, Chief Risk Officer Coronation Merchant Bank (standing 6th from left) and Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru (standing 6th from right) in a group photograph with officials of AMCON and  Risk Management Association of Nigeria (RIMAN) when the latter paid AMCON MD/CEO a business visit in Lagos on Wednesday. The managing director /chief executive officer of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru today in Lagos called on the Nigerian authorities to revisit…

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AMCON outsourced 6,000 accounts to AMPs worth N740billion – Kuru

Photo Caption Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru (left); Principal Partner, Lexavir Partners, Mr. Francis Chuka Agbu, SAN and Mr. Aliyu Kalgo, AMCON’s Group Head, Enforcements at the AMCON/AMP Interactive Session at Rockview Hotels, Abuja Managing director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, hinted that AMCON may disengage Asset Management Partners (AMPs) that cannot cope with the speed and enormous challenges of debt recovery expected by the corporation. He also promised that the corporation may assign more accounts to AMPs…

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N10m fraud: First Bank, 3 others trial begins May 13

The trial of First Bank Plc, its trade and relationship manager, Mazamaza branch, Innocent Chidozie Amadi and two others, over alleged N10, 015, 172, million fraud, before a Federal High Court, Lagos, is to begin on May 13. Two others to face trial alongside First Bank Plc and its manager are: Chukwuma Nnadiekwe and his company, Nilorch Global Services Limited. The customer allegedly defrauded by First bank and others is one Mrs. Ogochukwu Nkiruka Ezeakunne. The Special  Fraud Unit (SFU), of the Nigeria Police Force, Ikoyi-Lagos, had on February 17, arraigned First…

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Desalination market in Africa recovers from global economic downturn

A recent study conducted by Frost & Sullivan found that the desalination market in Africa has recovered from the global economic downturn in 2015-2017, which resulted in low desalination investment across the continent. Frost & Sullivan’s findings revealed that the African desalination market is now stablising and investment in desalination is gaining traction. By 2030, 35 percent of the world will be living in water-stressed countries and although many efforts are being made to diversify water resources. Industry Analyst at Frost & Sullivan, Laura Caetano, believes the African desalination market…

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AMCON calls for more female slots in financial services industry

Photo Caption: Managing Director/Chief Executive Officer of Peak Performance Academy and Guest Speaker, Mrs. Modupe Wigwe (sitting middle) with the Group Head, Corporate Services, Asset Management Corporation of Nigeria (AMCON), Mrs. Iyatum Adode-Kobiti (sitting 3rd from right) in a group photograph with AMCON female staff at the end of the 1-day event marking the 2019 International Women’s Day (IWD) at the weekend In commemoration of the International Women’s Day (IWD), the managing director/chief executive officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has called on parents to…

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Police slams Access Bank MD, Herbert Wigwe, Bank, 2 others with criminal charge

The Special Fraud Unit (SFU) of the Nigeria Police Force, Ikoyi-Lagos, has charged Mr. Herbert Wigwe, the managing director and chief executive officer of Access Bank Plc, his bank and two others before an Ogun State High Court, Sagamu, on 21 counts criminal charge. Those charged alongside Wigwe and Access Bank Plc, before Justice N. I. Agbelu led-court are: 41 years old Alawode Oluseye and Bayo Adesina. Wigwe and others are facing charges bordering on conspiracy, fraudulent disposal of trust property, fraudulent conversion, stealing and false representation. SFU in the…

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Governor Ayade commissions ultramodern toothpick factory

Cross River State Governor, Prof Ben Ayade, has commissioned an ultramodern toothpick factory at Ekori, Yarkurr Local Government Area of the state. The state-of-the-art factory is capable of producing 31 million toothpicks in a day. Speaking at the commissioning ceremony, Ayade disclosed that his administration was “trying to create an economy that will radically alter the economic landscape of the state. The country does not just change by mere promulgation of policy, the country changes by systematic, active but very visionary step by step approach towards the realisation of a…

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New technologies driving new conversations on payments, demands for access

Sixth Mastercard Digital Payments Study Highlights Social Media Trends Around the Increased Purchasing Power Available In the Palm of Our Hands Today more than ever, people are living an increasingly digital – and mobile – life and they expect their ability to pay for their needs and wants to match that same “always on” mindset, according to social media conversations identified in the 2019 edition of the Mastercard Digital Payments Study. Mobile payments represented more than 30 percent of the total social media conversation around payments in the Middle East…

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Youth Council honours Ahmed Kuru, AMCON MD

Photo Caption: L-R: Comrade Sagir Adam, Chairman Award Committee, Sir Ahmadu Bello Youth Council of Nigeria (ABYCN), presenting the council’s Honorary Medal and framed Certificate of Mr. Ahmed Lawan Kuru, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), received on his behalf by Mrs. Iyatum Adode-Kobiti, AMCON Group Head, Corporate Services and Mr. Jude Nwauzor, AMCON Spokesperson in Abuja during the week Sir Ahmadu Bello Youth Council of Nigeria (ABYCN) has presented the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru with the prestigious Sir…

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Mastercard Love Index shows more Africa, Middle East shoppers plan ahead for Valentine’s Day

The annual Mastercard Love Index indicates that spenders in Africa and the Middle East are willing to dig deeper into their pockets to make their partners happy and that they are going online to do it. There has been a 107 percent increase in the number of e-commerce transactions between 2016 and 2018. The Index, which is created by analyzing credit, debit and prepaid card transactions over a three-year period (11th-14th February 2016-18) has revealed that whilst sentimental spending has increased globally by 3 percent since 2016, in MEA, this…

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