Stop Debtors From Contesting Election In Nigeria Justice Olatoregun Tells AMCON

L-R: Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru; Justice C.M.A. Olatoregun of the Federal High Court and Dr. Francis Chuka Agbu SAN, Lead partner at Lexavier Partners at the one day seminar for AMCON External Solicitors and Asset Management Partners (AMPs) of AMCON at Eko Hotels, Lagos….at the weekend. —————————————————————————————————————————————————- Now that the Asset Management Corporation of Nigeria (AMCON) (Amendment) Act 2019, has been signed into law by President Muhammadu Buhari, Hon. Justice C.M.A. Olatoregun of the Federal High Court at the weekend…

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Access Bank Still Rewarding DiamondXtra Scheme Winners

Remember DiamondXtra introduced to the banking public by the erstwhile Diamond Bank? Access Bank Plc, which eventually acquired Diamond Bank did not jettison that idea at least not now. Access said it has rewarded loyal customers in that DiamondXtra scheme with over N5 billion since inception of the scheme. Presently, the scheme, which is in its 11th season has also consistently held draws for as many years. Head Retail Products, Access Bank, Mr. Rob Giles, who spoke on the scheme quarterly cheque presentation ceremony in Lagos, said the bank would…

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Qatar Airways Expands Service To Angola, Luanda

Come March 2020, Qatar Airways would extend its services to Luanda and Angola according to information from the management of the airline. The service, which operates up to five-times weekly to the capital and largest city of Angola will be operated by a Boeing 787 Dreamliner aircraft. The plan has 22 Business Class seats and 232 seats in Economy Class totaling 252 passengers. The commencement of the flight would be the award-winning airline’s first gateway to the African nation. His Excellency Mr. Akbar Al Baker, Qatar Airways Group Chief Executive,…

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‘We Are Not Recruiting At The Moment’ – AMCON

*AMCON MD/CEO Ahmed Lawan Kuru (left) and Nwauzor ——————————————————————————————————————————— The attention of Asset Management Corporation of Nigeria (AMCON) has been drawn to the continuous activities of impostors and fake news websites that are spreading falsehood regarding “AMCON 2019/2020 Recruitment Exercise.” To avoid falling into the deadly trap of fraudulent agents, the public is hereby informed that these stories are brazen falsehood, and are meant to mislead innocent job seekers as well as the public as AMCON is not currently recruiting and did not engage any agency whatsoever to recruit on…

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Nigerian – American Chamber Of Commerce Meeting: AMCON MD Is Guest Speaker

Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru has been slated as Guest Speaker at the July 2019 Breakfast Meeting of the Nigerian – American Chamber of Commerce (NACC). The event comes up in Lagos State tomorrow (July 24, 2019). A statement by Jude Nwauzor, Head, Corporate Communications at AMCON said the AMCON boss would be speaking on the theme; “Financial System Stability in Nigeria: AMCON Role and Scorecard,” which would enable him x-ray the activities of AMCON operations under his watch vis-a-viz the…

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Arik’s ‘Arik Affinity Wings’ Members To Enjoy More Benefits

Nigeria’s leading airline, Arik Air is offering members of its frequent flyer programme, Arik Affinity Wings, the opportunity to retain their accrued miles beyond its initial validity period. The new scheme, which was initiated by the airline has now made it easier for Arik Affinity Wings members to extend their miles due for expiration for another 12 months thereby allowing more time to redeem miles, which should have expired. Arik said miles are valid for a period of three years during which time members are expected to use such on…

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Air Peace CEO, Speaks From Dubai, Says Journalist Misreported Him

By Editor Allen Onyema, Chairman/Chief Executive Officer, Air Peace Airlines, has expressed shock at the report credited to him accusing the federal government of impoverishing Nigerian airlines, noting that such report was not done in good fate. Onyema who spoke with some select aviation journalists in Dubai to mark the inaugural flight of the airline at the weekend said that instead of criticizing government he actually commended the current administration that made it possible for the airline to grow and be able to operate international service. “I was shocked when…

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Stock Market Sheds Over N300bn In One Week

The stock recorded a decline of 2.3 per cent last week as the bears returned, depressing prices of bellwethers. After recovering from a three-week bearish run the previous week, market operators had expected that the positive trend would be sustained. But the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell to 2.3 per cent to 29,270.95, while market capitalisation shed N303.7 billion to close at N12.902 trillion. The year-to-date decline of market has thus worsened to 6.9 per cent. Apart from the ASI that fell, activity level also declined as…

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AMCON Highlights The Difficulties Of Recovering N5trillion

Jude Nwauzor, AMCON Head of Communications —————————————————————————————————————————- With so many court cases numbering over 3,000 and counting, Mr. Jude Nwauzor, Head of Corporate Communications Department at Asset Management Corporation of Nigeria (AMCON), did not mince words highlighting the difficulties the Corporation faces dealing with recalcitrant obligors in its effort to recover N5trillion for Nigeria…Excerpts: Why is it becoming difficult for AMCON to recover its N5trn debt? In a decent society, it is doable, it is recoverable, but Nigeria is a peculiar country. Nigeria is not the only country that have…

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Access Bank Wins Global Banking Alliance Award

By Editor For its creative efforts towards providing business opportunities for women, Access Bank Plc. has emerged winner of the 2019 GBA Women’s Market Champion Impact Award. The organisers consider the bank as one of those responding to the call to give women chance in the gender equality campaign. The award, which was organized by the Global Banking Alliance for Women (now Financial Alliance for Women) in Paris, the latest collection contributes to a growing list of recognitions for Access Bank, including the National Women in Finance Magazine’s Outstanding Banking…

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