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 […]
Tag: Asset Management Corporation of Nigeria
Senate scores AMCON low on debt recovery
Members of the Senate on Thursday scored the Asset Management Corporation of Nigeria low, saying the agency had failed to live up to its objective of recovering toxic debts owned by some commercial banks. The senators also condemned the alleged ineffective use of the N5.6tn voted into the agency by […]
President Jonathan to formally launch the Nigerian Mortgage Refinance Corporation Today
The Nigeria Mortgage Refinance Company Plc (NMRC) will be officially launched tomorrow (Thursday 16th January 2014) at the Banquet Hall, State House Abuja by His Excellency Dr. Goodluck Ebele Jonathan (GCFR) Commander-in-Chief of the Armed Forces Federal Republic of Nigeria. This company is designed to help home/property owners to refinance their mortgage […]
