Tag "Assets Management Corporation of Nigeria (AMCON)"

    FULL LIST: Ifeanyi Ubah, Jimoh Ibrahim, Kashamu… 20 people holding AMCON’s biggest debts

FULL LIST: Ifeanyi Ubah, Jimoh Ibrahim, Kashamu… 20 people holding AMCON’s biggest debts

Vice President Yemi Osinbajo, on Tuesday, set up a task force with a mandate to devise a strategy to recover the N5 trillion owed to the Assets Management Corporation of Nigeria (AMCON).The agencies tasked to go after the debtors are Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), the Independent Corrupt Practices Commission (ICPC) and the ministry [...]

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    Senate asks AMCON to compile and publish debtors’ list

Senate asks AMCON to compile and publish debtors’ list

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 [...]

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    Court orders AMCON to pay Babalakin N3bn for branding him a debtor

Court orders AMCON to pay Babalakin N3bn for branding him a debtor

The federal high court sitting in Lagos has ordered the Assets Management Corporation of Nigeria (AMCON) to pay Bolanle Babalakin, chairman of Bi-Courtney Group of Companies, N3 billion for publishing his name as a debtor.In 2016, AMCON published the names of 217 people who it tagged its chronic debtors.In the case, FHC/L/CS/1296/2012, Ibrahim Buba, a justice of the court who [...]

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    AMCON to release list of debtors in July, says 5,000 have gone into hiding

AMCON to release list of debtors in July, says 5,000 have gone into hiding

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 [...]

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    Savers contribute N300bn to income of Nigerian banks annually, says ex-AMCON boss

Savers contribute N300bn to income of Nigerian banks annually, says ex-AMCON boss

Kola Ayeye, former executive director of the Asset Management Corporation of Nigeria (AMCON), says savers contribute N300 billion to the income of Nigerian banks annually.Speaking on Thursday at the opening of the Mainland office of Growth and Development Limited (GDL), Ayeye said customers of most banks do not get more than two or three percent as interest."The savings pool in [...]

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    N387bn debt: Arik founder ‘enjoyed’ federal protection under Jonathan

N387bn debt: Arik founder ‘enjoyed’ federal protection under Jonathan

Dele Ore, immediate past president of the aviation round table (ART), has alleged that under former President Goodluck Jonathan, Johnson Arumeni-Ikhide, chairman of Arik Air, depended on federal protection to hide his shortcomings.Ore said Nigerians were waiting for the KPMG report that would help the government take appropriate action against Arumeni-Ikhide for "deliberately leading the airline to its present pitiable [...]

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November 06, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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