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AMCON’s debt recovery challenges - The Nation NigeriaDespite its enormous powers under its enabling laws, the Asset Management Corporation of Nigeria (AMCON), is struggling to discharge its mandate of debt recovery. There is an outstanding debt of over N3 trillion that it has not been enable to recover in its eight years of existence. With a short lifespan for its operation, thereRead More
Source: TheNationNews - 🏆 6. / 69 Read more »
AMCON charges AMPs to recover N740bn banks’ bad debt - Vanguard News NigeriaThe Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has called on the Corporation’s Asset Management Partners (AMPs) to work hard to recover the 20 percent or N740billion of the total Eligible Bank Assets (EBAs) of AMCON’s out of the outstanding debt portfolio of N3.7trillion
Source: vanguardngrnews - 🏆 5. / 75 Read more »
AMCON, Banks Plan Clamp Down On Oil Marketers Over N650bn Debt\ The Asset Management Company of Nigeria (AMCON) and some commercial banks have commenced moves to takeover of assets owned by the Independent Petroleum Marketers Association of Nigeria (DAPPMA) over N650 billion un-serviced debt. LEADERSHIP gathered that the action was in response to the inability of the marketers to offset money borrowed from the banks […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »