Tag: AMCON

N900bn debts: AMCON begins sale of defaulters’ assets

..To publish more bad debtors The Asset Management Corporation of Nigeria (AMCON) has commenced the sale of assets of bad debtors. Already, AMCOM has advertised 34 properties for sale yesterday in its website for those banks’ assets purchased from various eligible financial institutions in Nigeria. AMCON’s Managing Director, Ahmed Kuru, […]

Nigeria needs 2.0 trillion Naira to Address its Mortgage Problem-Chike-Obi

By Peter OBIORA InvestAdvocate Lagos INVESTADVOCATE)- Mustafa Chike Obi, the managing director asset management corporation of Nigeria (AMCON) Tuesday said Nigeria needs about 2 trillion naira to address its mortgage problem. Chike Obi said this in Lagos Nigeria as a guest lecturer at the Hallmark Public Policy Forum ‘’ Emerging […]

AMCON spent N1.7tn on non-performing loans — Chike-Obi

The Managing Director, Asset Management Corporation of Nigeria, Mr. Mustafa Chike-Obi, says AMCON has spent N1.7tn to buy non-performing loans of banks. He also talks about the race for the CBN governorship, in this interview with OYETUNJI ABIOYE Employees of bridge banks are worried about who the eventual buyer of […]