Browsing Tag

Asset Management Corporation of Nigeria (AMCON)

AMCON begins recovery of N5trn debt, seizes ex-Benue governor’s firm

Samuel Oduoye Aug 5, 2019 0

The Asset Management Corporation of Nigeria (AMCON) has secured a court order to take over Bao Yao Futurlex Iron & Steel Company Limited and Bao Yao Huan Jian Iron & Steel over a N3.6 billion debt.This was contained in a…

Government

Our top debtors believe their N5tn debt is national cake – AMCON

Samuel Oduoye Aug 4, 2019 0

The Asset Management Corporation of Nigeria (AMCON) has said the top 20 debtors who owe over 67 per cent of the N5tn debt to AMCON deliberately refused to repay their debts because they consider their share of the "national cake. "…