... Seeking the Truth in Facts
PRELIMINARY investigation by a presidential panel put in place to recover the N5 trillion owed Nigerian banks by 20 influential citizens has reportedly revealed that most of the loans were being allegedly shipped abroad, using a foreign oil company and some ailing companies, Sunday Read More …
By Peter Egwuatu The United Capital Trustees Limited (UTCL) has challenged its inclusion amongst top institutions and individuals owing the Asset Management Corporation of Nigeria (AMCON). Head, Corporate Communications of the company, Efeturi Doghudje, in a statement, claimed that it had never owed AMCON any Read More …
ARM-TWISTING has been described in certain quartets as, the use of threat, coercion, or other forms of pressure and persuasion to achieve one’s purpose. Thus, continued use of loopholes in Nigeria’s legal system to create obstacles that frustrate AMCON’s debt recovery process is seen Read More …
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). Read More …
by Yusuf Alli A new battle plan to recover N5trillion debts has been drawn up, it was learnt yesterday. A task force, which will recover the Asset Management Corporation of Nigeria (AMCON) debts has been raised by the Federal Government. Some 105 businessmen and companies Read More …
John Ameh, Abuja The Federal Government has raised a task force to recover the outstanding N5tn debts owed the Asset Management Corporation of Nigeria, Vice-President Yemi Osinbajo’s office said on Tuesday. It said Osinbajo made the disclosure during a meeting he had with the Board Read More …
Nike Popoola The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Ahmed Kuru, said the chronic debtors of the corporation were occupying top government positions. He also said that the corporation was working with other agencies such as the Economic and Financial Crimes Commission, Read More …
Accuses influential debtors of manipulating the system to escape repayment Nume Ekeghe and Esther Oluku Nigeria stands a chance of not being able to recover about N5.5 trillion bad loans that the Asset Management Corporation of Nigeria (AMCON) took over during the banking crisis, according Read More …
The Asset Management Corporation of Nigeria (AMCON) on Tuesday, took over Victory Park Estate, Lekki, Lagos, following a N12.9 billion judgment debt it won at the Court of Appeal in Lagos. After an appeal court upheld the judgment of a Federal High Court allowing the Read More …