AMCON executives grace grand reception in honour of NYSC DG

Photo Caption: L-R, Mr Sa’ad Ahmed, Head, Intergovernmental Department, Asset Management Corporation of Nigeria (AMCON); Major General Shuaibu Ibrahim, the Director-General of the NYSC; Dr Eberechukwu Uneze, Executive Director AMCON who represented the AMCON MD/CEO Mr Ahmed Kuru; Mr Jude Nwauzor, Head Corporate Communications, AMCON and Mr Chizoba Oji, Technical Assistant to the AMCON Executive Director at the Grand Reception in honour of the NYSC DG at the NYSC Head Quarters in Abuja…on Thursday

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Senate Directive: AMCON to publish debtors’ list in January

The Asset Management Corporation of Nigeria (AMCON) has concluded arrangements to publish the full list of the names of individuals, institutions as well as their Directors on its Non-Performing Loans (NPLs) portfolio in national newspapers. Recall that the Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani (Kaduna Central) last week directed AMCON to publish again, the names of all debtors including prominent Nigerians who are frustrating the effort of AMCON at fulfilling its debt recovery mandate. But as a responsible corporate citizen, the Management of…

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AMCON takes over former Kwara State Governor’s mansion over ₦5b debt

Following the order of Hon. Justice A.M. Liman of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) on Wednesday September 22, 2021, in Ilorin, the Kwara State capital took over the palatial mansion of Alhaji Abdulfatah Ahmed, the former two-time governor of Kwara State over a staggering indebtedness of nearly ₦5billion.  Hon. Justice A.M. Liman also ordered the freezing of the Bank Accounts of the former governor and his two companies including Trans Properties and Investment Limited and Trans It Consulting Limited in Suit No:…

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AMCON takes over assets of R.C. Omeaku & Sons Ltd., Safequip Nig. Ltd over combined debt of over N800m

Following the order of Honourable Justice O.O Oguntoyinbo of the Federal High Court Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over an asset belonging to Safequip Nigeria Limited over an indebtedness of over N470million.   It would be recalled that Justice Agutoyinbo gave the order on March 23, 2020, at the peak of the dreaded Coronavirus (COVID-19) pandemic granting AMCON absolute and exclusive possession of the property situate at No. 20 Babatunde Jose Street, in Victoria Island area of Lagos State.   In a related development…

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AMCON seeks Judiciary intervention to recover over N5trillion debt

Photo Caption: Sitting L-R: Hon. Justice Adamu Jauro of the Court of Appeal; Mr. Ahmed Kuru, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON); Hon. Justice Zainab Bulkachuwa CFR, Nigeria’s President of the Court of Appeal; Hon. Justice A.D. Yahaya as well as Hon. Justice T.A. Wilson. Standing L-R: Hon. Justice Idris Buba; Hon. Justice S.J. Adah; Hon. Justice P.O. Ige; Mr Albert Nwanozie, Head, Legal Department, AMCON; Hon. Justice E. Agim; Mr Joshua Ikioda, Group Head, Resolution Strategy, AMCON; Mr Jude Nwauzor, Head, Corporate Communications Department, AMCON;…

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AMCON MD honoured with Businessday Excellence award in Public Service

Photo Caption: Head, Corporate Communications, Asset Management Corporation of Nigeria (AMCON); Mr. Jude Nwauzor, receiving on behalf of AMCON MD/CEO the Businessday Excellence In Public Service Award 2018 from Alhaji Umaru Abdul Mutalab, the former Chairman of First Bank at the event at the Shehu Musa Yar’Adua Centre, Abuja The managing director/chief executive officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has been honoured with Businessday Excellence In Public Service Awards 2018. The AMCON boss was one of the 16 public and civil servants that were recognized…

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