AMCON Boss Kuru Wins New Telegraph ‘Public Integrity Awards 2021’

AMCON Boss

AMCON Boss Kuru wins New Telegraph ‘Public Integrity Awards 2021.’ Angeladaviesblog reports that the Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON) at the weekend won the maiden edition of the New Telegraph Newspapers “Public Integrity Award 2021.” The organizers said the AMCON Boss was selected from a large poll of public servants that are heading different Ministries, Departments and Agencies (MDAs) of the government across Nigeria because of his commitment, dedication, uprightness, and patriotic zeal that he has gone about the recovery drive from AMCON…

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AMCON: Let’s Have A National Policy on Debt Recovery – Legal expert

AMCON

The Federal Government has been challenged to expand the laws that granted the Asset Management Corporation of Nigeria (AMCON) special debt recovery powers in the AMCON Act as amended into a national law that would insulate the banking sector against reckless borrowers and recalcitrant debtors that AMCON is currently chasing for the recovery of trillions of Naira.  The Federal Government debt recovery agency, which has since its inception in 2010 recovered over N1.4trillion had at different phases from the year of its establishment purchased 12,743 NPLs or Eligible Bank Assets…

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AMCON vs Jimoh Ibrahim & Others: AMCON Still in Charge

AMCON

…As case adjourned till September 8 Irrespective of the false narrative spreading on social media, Hon. Justice A. R. Mohammed of Federal High Court Abuja Division on Monday ordered the Asset Management Corporation of Nigeria (AMCON); NICON Insurance Limited, Nigeria Reinsurance (Nigeria Re), and Barrister Jimoh Ibrahim to maintain the status-quo-ante until September 8, 2021, when the court will hear all pending applications in the matter.  Jimoh Ibrahim’s current indebtedness to AMCON stands at nearly N70 billion. The matter between Barrister Jimoh Ibrahim and AMCON has been interminable since the…

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N69.4b Debt: AMCON And Jimoh Ibrahim Head to Court of Appeal

AMCON

N69.4b Debt: AMCON And Jimoh Ibrahim Head to Court of Appeal         The Asset Management Corporation of Nigeria (AMCON) has filed a Notice of Appeal at the Court of Appeal against Jimoh Ibrahim Over the N69.4b owed the corporation. In a bid to recover the huge debt of nearly N70billion owed it by businessman Jimoh Ibrahim, the Asset Management Corporation of Nigeria (AMCON) has filed a Notice of Appeal at the Court of Appeal, Abuja Judicial Division following Justice Okon Abang’s ruling of Tuesday, February 22, which…

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Finally, Ademola Seriki, Settles AMCON Debt

Ademola Serik

Finally, Ademola Seriki, Settles AMCON Debt         Ademola Seriki, former Minister of State for Defence and former Supervising Minister for Mines and Steel Development has settled his debt with AMCON. Following series of negotiations and eventual restructuring of his huge indebtedness by Asset Management Corporation of Nigeria (AMCON), former Minister of State for Defence and former Supervising Minister for Mines and Steel Development and current Nigeria Ambassador-designate to Spain, Ademola Seriki, has fully settled his obligation with the Corporation and collected his letter of non-indebtedness. When contacted,…

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N69.4bn Debt: AMCON Possessory Order on Jimoh Ibrahim’s Seized Assets Stays

AMCON

N69.4bn Debt: AMCON Possessory Order on Jimoh Ibrahim’s Seized Assets Stays           The possessory order on Jimoh Ibrahim’s seized assets stays says the Asset Management Corporation of Nigeria (AMCON). Justice Okon Abang of the Federal High Court, Abuja who presided over the case between the Asset Management Corporation of Nigeria (AMCON) and Barrister Jimoh Ibrahim on Monday, February 22, reviewed the order of January 4, without prejudice to the power of AMCON to appoint a Receiver. In the same vein, Justice Abang did not challenge the…

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Senate Confirms Kuru as AMCON Managing Director/CEO

Kuru

…Eberechukwu Uneze, Aminu Ismail return as Eds         The Senate of the Federal Republic of Nigeria on Wednesday confirmed the nomination of Mr. Ahmed Lawan Kuru as Managing Director of the Asset Management Corporation of Nigeria (AMCON). Kuru who just completed his first term of five years last year was reappointed by President Muhammadu Buhari for a second and final term of five years in office as Managing Director/Chief Executive Officer of AMCON. Also confirmed with Kuru by the Ahmed Lawan-led Senate to serve as Executive Directors…

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Disregard Reports of Detention of 344 Students in Enugu School, it’s  Fake News – AMCON

Detention Of 344 Students In Enugu

Disregard Reports of Detention of 344 Students in Enugu School, it’s  Fake News – AMCON Media reports, which claimed that the Asset Management Corporation of Nigeria (AMCON) has detained 344 female students of Providence High School, located on Independence Layout in Enugu, Enugu State is fake news according to a statement AMCON released at the weekend. The release, which was signed by Jude Nwauzor, Head, Corporate Communications Department of AMCON said, “It is unfortunate how some media establishments allowed the publication of unsubstantiated report that totally spewed mischief and half…

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N5trillion Debt: AMCON Wants Senate to Compel Obligors

Obligors

N5trillion Debt: AMCON Wants Senate to Compel Obligors     Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru (ALK) has renewed the call for legislative support to his agency. The AMCON CEO made the call at the weekend when he led the management of AMCON to appear before a technical session of the Senate Committee on Banking Insurance and other Financial Institutions in Abuja. The committee met to review the impact of COVID-19 on AMCON policies and process – with the view to…

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N5trillion: AMP Scheme Strategic To AMCON’s Recovery – Kuru

AMP Scheme

N5trillion: AMP Scheme Strategic To AMCON’s Recovery – Kuru     The Asset Management Corporation of Nigeria (AMCON) Managing Director/Chief Executive Officer, Mr Ahmed Kuru attested to the efficacy of the processes of receivership and winding up procedures as amended in the 2019 AMCON Act, which President Muhammadu Buhari signed into law last year. He therefore called on Asset Management Partners (AMPs) of the Corporation to leverage those provisions among other potent aspects of the Act to rave up recoveries. Even as its sunset draws near with each passing year,…

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