AMCON Fighting Obligors That Are Richer, Stronger And More Desperate – Kuru

L-R: Mr Jude Nwauzor, Head Corporate Communications Department, Asset Management Corporation of Nigeria (AMCON); Mr Michael Okpere, Vice Chairman Leadership Newspapers handing over a copy of the publication to Mr Ahmed Kuru, Managing Director/Chief Executive Officer, AMCON and Mr Muazu Elazeh, Managing Director, Leadership Newspapers when a delegation from the newspaper led by Mr Okpere paid a business visit to the MD/CEO of AMCON in Abuja on Wednesday The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON) Mr Ahmed Lawan Kuru (ALK) on Wednesday in Lagos said AMCON…

Read More

N5trillion AMCON Debt: IGP Set To Direct All AIGs, CPs To Support Recovery Drive

L-R: Mr Sa’ad Ahmed, Head, Inter-Governmental Department, Asset Management Corporation of Nigeria (AMCON); Mr Jude Nwauzor, the Corporation’s Head of Corporate Communications Department; Mr Baba Tijjani, DIG Operations, Force Headquarters Abuja; Mr Albert Nwanozie, Head, Legal Department, AMCON; Mr Usman Alkali Baba, the Inspector General of Police (IGP); Mr Ahmed Kuru, Managing Director/Chief Executive Officer, AMCON); Mr Zanna M. Ibrahim DIG Logistics & Supplies, Force Headquarters; Mr Aliyu Kalgo from the office of AMCON MD and Mr Usman Abubarkar, Head, Enforcement, AMCON in a group photograph at the end of…

Read More

AMCON PHOTO NEWS

R-L: Mr Norbert Enenmoh of Legal Department, Asset Management Corporation of Nigeria (AMCON); Mr Albert Nwanozie, Head, Legal Department of AMCON; Dr Eberechukwu Uneze, Executive Director AMCON who represented the MD/CEO Mr Ahmed Kuru; Mr Ibrahim Sulaiman, who stood in for Mr Joshua Ikioda, AMCON’s Group Head of Enforcement, and Dr. Fatihu A. Abba, the Director-General of Legal Academy, and facilitators of the training of Solicitors, Receivers and Receiver/Managers at the Rockview Hotel, Abuja…at the weekend

Read More

N70billion AMCON Debt: Court Stops Jimoh Ibrahim, NICON Insurance From Forum Shopping

File photograph of AMCON Managing Director/CEO Mr Ahmed Kuru From all indications, the last may not have been heard about the high-profile debt case involving businessman Barrister Jimoh Ibrahim and his companies and the Asset Management Corporation of Nigeria (AMCON) as a Federal High Court Lagos Division on Thursday cautioned NICON Insurance Limited against what it called ‘forum shopping.’ Recall that AMCON in November 2020 following a court order seized the properties of the barrister Jimoh Ibrahim over an alleged debt of nearly N70billion, which was sold to AMCON by…

Read More

Inter-Agency Committee Meeting On Recovery Of AMCON’s Debt Holds

L–R: Mr Niyi Fadeyi, Assistant Director, Department of State Services (DSS); Mr. Haruna Mustafa, Director of Banking Supervision, Central Bank of Nigeria (CBN); Mr Ahmed Kuru, Managing Director/Chief Executive Officer Asset Management Corporation of Nigeria (AMCON); Prof. Bolaji Owasanoye SAN, Chairman Independent Corrupt Practices and Other Related Offences Commission (ICPC); Mr Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC); and Mr Kehinde Oginni, Head, Advisory, Nigerian Financial Intelligence Unit (NFIU) after the meeting of the Inter-Agency Committee on AMCON’s Debt, which held at the Head Office of AMCON in…

Read More

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

Hon. Justice Faji of the Federal High Court, Lagos Division (left); Mr Benedict Daminabo, a Group Head at AMCON who represented Mr Ahmed Kuru, AMCON MD/CEO at the event and Mr Oluwakemi Balogun SAN of the firm of Oluwakemi LP at the event, which held at Eko Hotel, Lagos at the weekend 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…

Read More

Nigeria, Others To benefit From AfDB’s $520million SAPZ

African Development Bank (AfDB) has said the bank and its development partners are working to mobilizing about $520million (nearly N215billion) to co-finance the first phase of Special Agro-industrial Processing Zones in Nigeria. This development was disclosed by Lamin Barrow, the Director-General of Nigeria Country Department of the AfDB. Barrow, who spoke at a high-level briefing session held on Monday, stated that the zones would be rolled out in 18 African countries, including Nigeria. The statement was titled ‘Federal and state governors endorse Special Agro-industrial Processing Zones (SAPZ) Programme: African Development…

Read More

Court Didn’t Sack Taiwo Lakanu As Receiver/Manager Appointed By AMCON

File photograph of AMCON MD/CEO Mr Ahmed Lawan Kuru and the agency’s Head of Corporate Communications Mr Jude Nwauzor in a tête-à-tête at a recent meeting The Asset Management Corporation of Nigeria (AMCON) and businessman cum lawyer Mr Jimoh Ibrahim are having major disagreement on the alleged sack of the agency’s Receiver/Manager Mr Taiwo Lakanu, a retired DIG. Recall that AMCON had appointed Lakanu as Receiver/Manager to NICON Investment Limited, Global Fleet Oil and Gas Limited and others in a bid to recover a huge debt of nearly N70billion owed…

Read More

Conditional Cash Transfer Recommences In Lagos State

The Federal Government on Saturday recommenced the Conditional Cash Transfer (CCT) programme in Lagos State. At the flag-off the 5th and 6th Bi-Monthly payment in Lagos State, the Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke, said that 6,810 persons/households had benefited from the programme since inception. Arobieke said that the CCT supported the poor and vulnerable to improve consumption, with the aim of reducing poverty, preventing vulnerable households from falling further down the poverty line and building their resilience to withstand shocks. “The programme is to facilitate the…

Read More

AMCON vs Jimoh Ibrahim & Others: AMCON Is Still In Charge

…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. This latest development is contained in a statement issued earlier today by Jude Nwauzor, Head Corporate Communications Department of the Asset Management Corporation of…

Read More