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Tag: AMCON
‘Tough times don’t last’ | Ben Bruce reacts to AMCON’s takeover of Silverbird
The Assets Management Company of Nigeria, AMCON on Thursday took over the assets of Silverbird Group, owned by Ben Bruce, the Senator representing Bayelsa East constituency. Bruce’s companies under the group…
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Analysis: Silverbird and AMCON – What happens next?
Silverbird cinemas takes the credit for reviving Nigeria’s cinema culture and taking it to a new level. Because of this, they have a special place in the hearts of Nigerians.…
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Nigerians react to AMCON’s take-over of Ben Bruce’s Silverbird Group
The Assets Management Company of Nigeria, AMCON on Thursday took over the assets of Silverbird Group, owned Nigerian Senator, Ben Bruce. Bruce’s companies under the group in Lagos, Port Harcourt…
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Ben Murray-Bruce loses Silverbird Group to AMCON [DETAILS]
The Assets Management Company of Nigeria, AMCON on Thursday took over the assets of Silverbird Group, owned Nigerian Senator, Ben Bruce. Bruce's companies under the group in Lagos, Port Harcourt…
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‘That anyone in Nigeria can seize my property is a daydream’ – Jimoh Ibrahim
Businessman and Chairman of NICON investment Limited, Jimoh Ibrahim, on Tuesday, reacted to the court order that granted the Asset Management Company of Nigeria (AMCON) the right to seize his…
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N50bn debt: Court grants AMCON control of Jimoh Ibrahim’s assets
Assets belonging to businessman, Jimoh Ibrahim will be taken over by the Asset Management Corporation of Nigeria as a federal high court sitting in Lagos has granted an interim injunction…
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Court freezes Kanu Nwankwo’s asset over unpaid debt
A Federal High court sitting in Lagos has given a directive for all accounts belonging to former Super Eagles skipper Nwankwo Kanu and his company, the Hardley Apartments in a…
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Buhari takes his broom to AMCON, dissolves management, appoints MD
President Muhammadu Buhari's broom has landed at the Assets Management Management Corporation of Nigeria. He dissolved the Executive Management Team of the corporation on Tuesday. The order of dissolution was…
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Moghalu edged out of @CenBank as Naira hits new low against US dollar
by Tunji Andrews Deputy Governor of the Central Bank of Nigeria, Kingsley Chiedu Moghalu, whose 5 year tenure in the office had run out, indicated that he wouldn't be seeking…
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Tunde Fagbenle : Wale Babalakin vs AMCON: Come off it!
by Tunde Fagbenle A couple of weeks ago, precisely on September 30, newspapers carried the story of two giant legal luminaries (at least they are both SANs) engaging in what…
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Bi-Courtney goes bust, AMCON takes over
by Godwin Akanfe For failing to pay a N50 billion debt owed the Asset Management Corporation of Nigeria (AMCON), the Bi-Courtney group of companies has been ordered by the Federal…
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Dele Momodu: This is why corruption thrives so freely in Nigeria
by Dele Momodu Fellow Nigerians, by the time you’re reading this, the sad news would have hit the roof about the cold shoulder received by our former anti-corruption Tsar, Mallam…
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Les Leba: A parable of a fool and his money
by Les Leba These banks, which currently post hundreds of billions of naira profits, are the same banks, which were also beneficiaries of over N5tn government funding in the last…
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Opinion: Stella Oduah has not declared any war against the Yoruba
by Joe Obi All the talk about sack of staff of the Yoruba stock is not only unfounded and baseless but ultimately diversionary. I can bet that neither Sobowale nor…
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Opinion: It’s time to adopt an alternative privatization model
by Akintola Omigbodun A situation in which AMCON will have to take over from the banks at a future date any bad loans granted to the electric power sector must…
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Not good: Starcomms announces N5.3bn nine-month net loss
Ahead of the extra-ordinary general meeting of shareholders scheduled for this Friday, Starcomms Plc has announced that it recorded a net loss of N5.3 billion in the third quarter, painting a…
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Aviation: AMCON confirms 60 per cent stake in Aero
The Asset Management Corporation of Nigeria has confirmed the ownership of 60 per cent stake in Aerocontractors airline, The PUNCH can authoritatively report. Aerocontractors’ indebtedness to commercial banks, estimated to…
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#InCaseYouMissedIt: Re-open Capital Oil now – Court orders AMCON
by Akan Ido A Federal High Court sitting in Abuja yesterday granted the prayers of Capital Oil and Gas Industries Limited for the vacation of an order which allowed the…
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Aero Contractors MD is out, reports say he was sacked
by Isi Esene Aero Contractors, Nigeria's second largest airline has announced the resignation of its managing director, Akin George. According to a statement which was released on Sunday night, his…
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Off the hook: Femi Otedola settles N141billion debt with AMCON
by Akan Ido The Assets Management Corporation of Nigeria (AMCON) has confirmed the settlement of debt owed by the Zenon and Forte Oil boss, Femi Otedola, to the asset management…
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We did not take over management of Aero Contractors – AMCON
by Isi Esene There are conflicting signals coming from the Central Bank of Nigeria and the Assets Management Company of Nigeria (AMCON) regarding the takeover of Aero Contractors Airline. Mustafa…
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Bad debt: AMCON takes over Aero Contractors’ management
by Isi Esene As Arik Air and Dana Airlines struggle to get back in the air due to separate reasons, it appears Aero Contractors, the 51-year-old airline might also suffer…
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Ijeoma Nwogwu: Barking up the wrong tree
by Ijeoma Nwogwu It’s Saturday afternoon and I have just spent the first four hours of my day reading the House of Representatives’ probe report into the “near collapse of…
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“Incompetence, failure, lack of transparency”: House of Reps rejects Oteh’s recall
by Isi Esene Arunma Oteh and her reinstatement as the director-general of the Security and Exchange Commission (SEC) appears to have set the the House of Representatives and the Executive…
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