Tag Archives: AMCON
How Former MD of AMCON, Malam Ahmed Lawan Kuru, Allegedly Used N20 Billion AMCON Savings To Buy Keystone Bank For His In-Law
The former CEO and Managing Director of the Asset Management Corporation of Nigeria (AMCON), Malam Ahmed Lawan Kuru, was entrusted with the critical task of tackling the financial vultures who had ravaged the Nigerian banking sector through unpaid loans. These
Court Orders AMCON to Seize Tunde Folawiyo’s Assets Over N727.9m Debt
These are not the best of times for Lagos billionaire businessman, Tijani Babatunde Folawiyo, as a Federal High Court sitting in the state has granted an order for the Asset Management Corporation of Nigeria (AMCON) to take over his valuable
Alleged N537m Debt: Court Orders AMCON to Seize Donald Duke’s Property
A Federal High Court in Lagos has ordered the Asset Management Corporation of Nigeria (AMCON) and United Bank for Africa (UBA) to seize a property of former Cross River State governor, Donald Duke over an alleged N537,334,360.77 debt. Vacation judge
Nwankwo Kanu Alleges Illegal takeover of His Property By AMCON
Former Nigeria Super Eagles Captain, Nwankwo Kanu, has expressed bitterness over the alleged “illegal takeover” of one of his properties, Hardly Apartment, located in Victoria Island, Lagos, which was under litigation. Kanu told the News Agency of Nigeria at his Kanu Heart
BREAKING: AMCON MD, Ahmed Kuru, In Trouble Over Keystone Bank Acquisition By Father-In-Law
. Why Bank Customers Are Making Panic Withdrawals… Following the controversy generated by the leading opposition party, the People’s Democratic party, PDP, over the alleged acquisition of Keystone bank and Etisalat by Alhaji Isa Funtua and the CEO of AMCON,
N541.8 billion Debt: Three Nigerian Banks Set To take Over Etisalat
Deapite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have yielded a truce, as the banks are set to take over
AMCON: Aero Crisis Worsens, May Sack Workers
Aero Contractors, one of Nigeria’s largest domestic airlines, is set to lay off some of its workers as its financial crisis becomes worsened. Already, the airline is in talks with aviation unions on how to cut down on the number
N10bn Debt: AMCON takes Over Afrijet | Says About 400 Debtors Owe Over N4.5tn
Nigeria (AMCON), on Friday, took over the assets of Afrijet Airlines Ltd. owned by Vitalis Ibe, over an unpaid debt of almost N10 billion. This is contained in a statement issued by Jude Nwauzor, Head, Corporate Communications, AMCON, which was
AMCON Takeover: With God’s Help I’ll Overcome this Setback – Ben Murray-Bruce
Senator Ben Murray-Bruce, Chairman of Silverbird Group in a chat with The Guardian has said that “with God’s help” he will overcome the setback his business is facing. Recall that on Thursday, the Asset Management Corporation of Nigeria (AMCON) took
