FBN Holdings leads as 12 banks pay AMCON N125.9bn

June 16, 2022 Segun Odunewu, Lagos 0

First Bank Holdings led other eleven commercial banks listed on the Nigerian stock market with the highest payment to the Asset Management Corporation of Nigeria (AMCON) Sector Resolution Funds in the first quarter of 2022. The twelve banks are Access, GCMB, Fidelity, FBN, GTCo, Stanbic IBTC, Sterling, UBA, Union, Unity, Wema, and Zenith Bank. First Bank Holdings paid the highest Read More

NICON: Court orders contempt criminal proceedings against AMCON, others

March 12, 2022 Kehinde Osasona 0

A Federal High Court, Abuja has ordered committal proceedings against the Managing Director, Asset Management Corporation of Nigeria (AMCON), Ahmed Lawal Kuru, over alleged takeover of companies belonging to the businessman, Jimoh Ibrahim, against court order. Justice Okon Abang, in a ruling on an ex-parte motion moved by Victor Ogbonna, counsel to Mr Ibrahim and others, also directed the plaintiffs Read More

Shonga farms: Kwara negotiating recovery of seized properties from AMCON – Official

February 10, 2022 Umar Bayo Abdulwahab 0

Kwara state government Thursday said it has commenced negotiations to retrieve it’s two properties siezed by the Asset Management Coporarion of Nigeria (AMCON) over debt incured in the names of Shonga farms holdings by former administration in the state. The goverment said the state had been fraudulently negotiated into underwriting the debts incurred by the former administrations in the name Read More

Senate faults Aviation Ministry over NG Eagle Air, directs AMCON to republish list of debtors

December 2, 2021 Blueprint 0

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has declared that the 9th Senate is not happy that certain agencies of government are working at cross-purposes. This, he said, is not in the overall interest of the Nigerian economy.Speaking on Wednesday at the Zuma Rock Resort in Niger state, Sani said the upper chamber Read More

Buhari signs Climate Change, AMCON bills into law

November 18, 2021 Abdullahi M. Gulloma 0

President Muhammadu Buhari has signed into law two important bills passed by the National Assembly thereby making them to become part of the Laws of the Federation. The Climate Change Act owes its origin to a bill sponsored by a member of the House of Representatives, Sam Onuigbo and provides for, among other things, the mainstreaming of climate change actions Read More

Uba Sani elated as Buhari signs AMCON Act

November 18, 2021 Chamba Simeh 0

Senator Uba Sani of Kaduna Central has applauded President Muhammadu Buhari for signing into law the Asset Management Corporation of Nigeria (Amendment No.3) Bill, 2021. He said the new Act will remove obstacles to the smooth operation of AMCON and safeguard the banking sector and the economy in these trying times. Senator Sani explained that his motivation for sponsoring the Read More