AMCON

The Asset Management Company of Nigeria (AMCON) has announced the sale of the Ibadan Electricity Distribution Company (IBEDC) for N100 billion. AMCON’s Managing Director/CEO, Gbenga Alake, disclosed this at a media parley on Thursday. …
Read More...

An Ikeja Special Offences Court has ordered the Economic and Financial Crimes Commission (EFCC) to provide an investigative report and e-statement of Keystone Bank with the Central Bank of Nigeria (CBN). Justice Rahman Oshodi made the…
Read More...

Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover will enhance its stability and facilitate a smooth recapitalisation process. The bank disclosed this in a statement…
Read More...

The Alumni Association of the National Institute (AANI), has mourned the passing of one of its most outstanding founding members and elder statesman, Lieutenant General Jeremiah Timbut Useni (rtd). SolaceBase reports that the late…
Read More...

The Asset Management Corporation of Nigeria (AMCON)  says it is determined to recover N227 billion debt from Arik Air. The Head, Corporate Communications of AMCON, Mr Jude Nwauzor, made this known during an interactive session with…
Read More...

President Bola Tinubu has approved the appointment of Mr. Gbenga Alade as Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON). A statement signed by Special Adviser to the President on Media and Publicity,…
Read More...

The House of Representatives Ad hoc Committee investigating employment racketeering in MDAs on Thursday issued warrant of arrest on Mr. Haruna Kolo, a former staff of Federal Characters Commission (FCC) and IPPIS desk officer. Kolo who…
Read More...

The Asset Management Corporation of Nigeria (AMCON) says it has taken possession of assets belonging to Glano Nigeria Limited over an indebtedness valued at N2.4 billion. In a statement on Monday, Jude Nwauzor, head of corporate…
Read More...

...As Reps Back Acquisition By SCIL Central Bank of Nigeria (CBN) and Asset Management Company of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in…
Read More...

I met her two or three times, I think, but every time we saw, she was either on the phone with her father, or his call came-in while we were discussing. I first met Fareeda at the Maitama office of the Asset Management Corporation of…
Read More...