The senate committee on banking, insurance and other financial institutions says the Assets Management Corporation of Nigeria (AMCON) should compile and publish the names of debtors.Speaking on Thursday at the opening of a 2-day retreat at Intercontinental Hotel in Lagos, Rafiu Adebayo Ibrahim, chairman of the committee, said this allows Nigerians know the people holding the economy to ransom.The senator [...]
Tag "Ahmed Kuru"
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The Assets Management Company of Nigeria (AMCON) says there will be no more room for negotiation with obligors.Ahmed Kuru, managing director and chief executive officer of AMCON, said the company is tired of debtors coming to their office and telling lies about wanting to embark on a staggered payment which they ended up never complying.He said most parts of the N5.4 [...]
The Asset Management Corporation of Nigeria (AMCON) says 350 Nigerians are responsible for more than 80 percent of the N5.4 trillion debt portfolio of the company.Ahmed Kuru, managing director of AMCON, disclosed this in an interview with NAN in Abuja.According to Kuru, the 350 Nigerians or their businesses owe a whopping N4.3 trillion of the N5.4 trillion debt profile of [...]
The Asset Management Corporation of Nigeria (AMCON) says it recovered bad loans worth N731bn, excluding clawbacks, from the start of its operations in 2010 up to December 2017.Assets in form of properties accounted for about 35 percent of the total amount recovered in the seven-year period.Ahmed Kuru, managing director, AMCON, made the disclosure while declaring open a two-day Asset Sales [...]
The Asset Management Corporation of Nigeria (AMCON), says 2018 will be a busy year because it plans to dispose assets like Aero Contractors and Arik Air.In April, AMCON said it is willing to exit the aviation sector if the owners of the companies pay their debts.In a statement released by Jude Nwauzor, AMCON's head of corporate communications, the corporation said [...]
Ahmed Kuru, managing director of the Asset Management Corporation of Nigeria (AMCON), says it will release the list of all the debtors in July.While addressing journalists on Friday, Kuru said 5,000 debtors have gone into hiding.He said the corporation has already engaged the services of lawyers and asset tracers to go after them."Some of them have decided to change their [...]
The Asset Management Corporation of Nigeria (AMCON) says it is willing to handover ownership of Arik Air and Aero Contractor airlines if the owners are willing to pay the debts owed by the companies.Speaking during the weekend at the sixth Nigeria Transport Awards and Lecture, Ahmed Kuru, AMCON chairman, said the corporation did not wish to operate in the airline [...]
The Asset Management Corporation of Nigeria (AMCON) says a special market should be created to enable it to sell the stockpile of assets tied to it.The corporation said the market will be called AMCON Market.According to a statement released on Sunday, Eberechukwu Uneze, an executive director at AMCON made the call while declaring a one-day sensitization forum for AMCON’s valuers [...]
Rafiu Ibrahim, chairman, senate committee on banking, insurance and other financial institutions, says the upper chamber will empower the Asset Management Corporation of Nigeria (AMCON) to realise its mandate.According to a statement by AMCON, the senator said this on Thursday at the opening of the committee’s retreat.Ibrahim said the senate has decided that AMCON requires more support from the legislature [...]
Ahmed Kuru, managing director/CEO, Asset Management Corporation of Nigeria (AMCON), has been admitted as a Fellow, Institute of Directors (IoD) at the institute’s fifth biennial presidential lecture in Lagos.The lecture titled “The role of corporate leaders in accelerated economic revival of Nigeria today” was delivered by Kola Jamodu (CFR), chairman of Nigerians Breweries Plc.Speaking at the event, Samuel Akeju, [...]
Ahmed Kuru, managing director of the Asset Management Corporation of Nigeria (AMCON) says no investor will put money in Arik Air at this stage in its economic life.Speaking on investors interest in Arik, Kuru said the problems in Arik are too many and must be first stabilised and solved before any investor can come in."We are aware about some of [...]
Ahmed Kuru, managing director/CEO of Asset Management Corporation of Nigeria (AMCON), says recession shoul not deter serious-minded investors from coming into Nigeria.According to Kuru, "the slight challenge the Nigerian economy is faced with at the moment also makes it the right time for strategic investors with long-term interest in Nigeria to come in".He said recession, which the country slipped into [...]
Ahmed Kuru, managing director and chief executive officer (CEO) of the Assets Management Company of Nigeria (AMCON), says the company has over N1.7 trillion worth of assets locked up in litigation.Speaking at a one-day conference at the Ceremonial Hall of the Appeal Court in Abuja, Kuru said the refusal and arrogance of top AMCON obligors had become a source of concern, consequently compelling [...]
The senate has begun charting a fresh framework to strengthen the drive of the Asset Management Corporation of Nigeria (AMCON) in debt recovery.This was disclosed by Rafiu Ibrahim, chairman of senate committee on Banking, Insurance and other Financial Institutions in Uyo during a three-day retreat with the theme “Economic Rebuilding through Eligible Assets Recovery”.“This retreat for the Senate Committee on Banking, Insurance [...]
Ahmed Kuru, managing director (MD) of the Asset Management Corporation of Nigeria (AMCON), says the corporation has succeeded in recovering N644 billion.Kuru disclosed this at a media briefing in Lagos, stating that the financial institution is on its way to achieving its objective of protecting the economy and retrieving acquired bad debts in the Nigerian financial system."We have so far [...]
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