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AMCON in dilemma over ARIK’s insolvency

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By Chibuike Nwabuko Abuja (Sundiata Post) - The Assets Management Corporation of Nigeria, (AMCON) is currently overwhelmed in debt and enormous operational difficulties putting it...

AMCON: Jimoh Ibrahim in trouble over N69.4bn debt

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ABUJA - The Court of Appeal sitting in Abuja in Appeal No. CA/ABJ/CV/269/2022 in the case between the Asset Management Corporation of Nigeria (AMCON)...

AMCON Takes Over IBEDC

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Ibadan Electricity Distribution Company(IBEDC) Ltd has been taken over by the Assets Management Corporation of Nigeria (AMCON) over insolvency. The Chief Operating Officer (COO) Engineer...

AMCON lists 7,912 names owing N4.4tn as deadline expires today

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The Asset Management Corporation of Nigeria is set to publish the names of 7,912 debtors owing it a total of N4.4tn, it has been...

N69.4bn debt: Jimoh Ibrahim loses NICON Hotels, 11 other properties as...

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LAGOS - At long last, the Court of Appeal, Lagos Division has dismissed an appeal by the chairman of Global Fleet Group, Jimoh Ibrahim,...

N5bn AMCON Debt: Former Kwara Governor Evicted From Home

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Following an unpaid N5bn debt to AMCON, the former Kwara state governor, Abdulfatah Ahmed has been ejected from his mansion situate at No.9A, AbdulRazaq...

N70bn AMCON debt: Court stops Jimoh Ibrahim, NICON Insurance from forum...

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From all indications, the last may not have been heard about the high-profile debt case involving businessman, Jimoh Ibrahim and his companies and the...

Alleged $7bn Debt: AMCON Denies Plans To Take Over Dangote Refinery

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Abuja - Assets Management Corporation of Nigeria (AMCON) has denied reports of moves to take over the Dangote Refinery over debts owed by...

AMCON takes over Sen. Buhari’s houses for N600m loan default

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Assets belonging to Senator Abdulfatai Buhari have been taken over by the Asset Management Corporation of Nigeria (AMCON). The agency accused the lawmaker of unwillingness...

N600m debt: AMCON seizes Buhari’s properties

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ABUJA - The Asset Management Corporation of Nigeria (AMCON) says it has taken over assets belonging to Oyo North lawmaker, Senator Abdulfatai Buhari, over...

N69.4bn debt case between AMCON and Jimoh Ibrahim heads to appeal...

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ABUJA (Sundiata Post) - In a bid to recover the huge debt of nearly N70billion owed it by businessman Jimoh Ibrahim, the Asset Management...

UPDATED: N69.4bn ‘debt’: Jimoh Ibrahim fails to vacate order on seized...

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A Federal High Court (FHC) in Lagos Tuesday declined to vacate an interim order through which the Asset Management Corporation of Nigeria (AMCON) seized...

Jimoh Ibrahim loses bid to vacate order on seized assets over...

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A Federal High Court in Lagos has declined to vacate an interim order through which the Asset Management Corporation of Nigeria (AMCON) seized properties...

Report of detention of 344 Students in Enugu school is fake...

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ABUJA - Media reports, which claimed that the Asset Management Corporation of Nigeria (AMCON) has detained 344 female students of Providence High School, located...

AMCON to float international airline with Arik, Aero planes

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AMCON is expected to make an official statement on the deal very soon. It was learnt that AMCON, a Federal Government-owned bad debt manager which...

Jimoh lbrahim, NICON Investment Tackle AMCON

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NICON Investment and billionaire businessman Jimoh lbrahim are set to approach the court for an order quashing the interim injunction obtained by AMCON against...

Polaris Bank Announces Segun Opeke as Executive Director

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Polaris Bank Limited has announced the appointment of Mr. Segun Opeke as an Executive Director of the Bank by the Board of Directors and...

Expert urges shipowners to negotiate with AMCON to forestall foreclosure

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By Chiazo Ogbolu Lagos - Dr Chamberlain Peterside, a Financial Expert, has urged maritime stakeholders to come together and aggressively negotiate with the Asset...

Toke Makinwa Sues Blog Over House Allegedly Seized By AMCON

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Popular Nigerian OAP, influencer and entrepreneur, Toke Makinwa has sued Nigerian Telegraph which posted reports of her house being seized by AMCON. A few days...

AMCON Takes Over Assets of Deap Capital Management & Trust Ltd....

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Riding on the order of Hon. Justice J.T. Tshoho (as he then was) of the Federal High Court, Lagos division, which granted the Asset...