The Asset Management Corporation of Nigeria has so far spent N123.6bn in its intervention programme in four sectors of the economy. The sectors are stock market, manufacturing, agriculture and construction, according to a report by the corporation, which was obtained by our correspondent on Monday. The report showed that AMCON […]
Tag: Asset Management Corporation of Nigeria
IMF Advise Nigeria to Wind down AMCON
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Thursday advised the Nigerian Authorities to wind down the operations of the Asset Management Corporation of Nigeria (AMCON) in order to curb moral hazard and fiscal risks. This is part of the IMF’s Executive Board Assessment and recommendation […]
AMCON obtains order to take over Babalakin’s properties
The raging war of attrition between the Asset Management Corporation of Nigeria and a businessman and lawyer, Dr. Wale Babalakin, over the recovery of an alleged N60bn debt owed by the latter’s companies has taken a new twist. While AMCON insisted on Wednesday that it had obtained a court order […]
