Day: April 14, 2021

AMCON Seeks Accommodation In BOFIA 2020 Over N5.4trillion Debt Burden

AlienMedia

Worried by the fact that the Asset Management Corporation of Nigeria (AMCON) has continually been burdened with the slow pace of concluding its debt recovery actions in courts, the Corporation has approached the National Assembly to accommodate AMCON in the provisions of the newly amended BOFIA (2020), which sets up Special Tribunals for hearing financial matters emanating from the financial institutions. Making a presentation before the Senate Committee on Banking, Insurance and other Financial Institutions at the National Assembly, Mr Ahmed Kuru, Managing Director/Chief Executive Officer of AMCON said this…

Read More

Gunners Close To Agreeing New Contract With Folarin Balogun

AlienMedia

Arsenal manager Mikel Arteta says the club are “very close” to agreeing a new contract with striker Folarin Balogun. Balogun has come through the Arsenal academy but his contract is due to expire at the end of the season and a number of clubs had declared an interest in the 19-year-old. Arteta faced losing the player, knowing it would not look good on the club’s youth development. However, after extensive talks with Balogun, it appears the England Under-20 international is ready to commit his future to the Gunners. “We are…

Read More

NG Eagle: AMCON Planning Strategic Exit From Aviation Sector

AlienMedia

Information reaching us from the head office of the Asset Management Corporation of Nigeria (AMCON) in Abuja has it that the Corporation has concluded plans to float a Holding Company (HoldCo) structure, which will enable it warehouse, effectively manage and sell off all its aviation assets. Managing Director/Chief Executive Officer of AMCON Mr Ahmed Lawan Kuru has been harping on the need for a more strategic exit from the sector, which is heavily challenged especially since the dawn of the dreaded coronavirus (COVID-19) pandemic that crippled aviation businesses the world…

Read More