Tag Archives: AMCON

Following sustained depressed returns on investments arising from excessive commercial banks’ debts, shareholders at have urged the Federal Government to tighten the noose on debtors and reject the aroma of the free funds from the banking industry levies. The shareholders under the aegis of Independent Association of Nigeria (ISAN), said that despite the operations of Asset Management Corporation of Nigeria ...

The Managing Director, Ahmed Kuru, of Asset Management Corporation of Nigeria (AMCON) says the agency has recovered over N1 trillion from debtors. He made this remark  during a visit by the Leadership of the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) to him in Abuja. He noted that the corporation has resolved over 5,000 business relationships. According to ...

Asset Management Corporation of Nigeria (AMCON) has revealed that 350 debtors owe the agency N3.6 trillion, According to AMCON, the amount is higher than the N3.12 trillion budgeted this year by the Federal Government for debt servicing. It added that the huge amount is recovered, would be enough to complete some projects in the country, including the moribund Ajaokuta Steel ...

Many may still remember the birth of the Asset Management Company of Nigeria (AMCON) but may not understand the reality of what the firm has been facing in its bid to prevent further damage to the nation’s economy. The Managing Director, Ahmed Kuru gave an insight into how difficult it is get back the non-performing loan or bad debts. In ...