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May 11, 2021
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The Senate, on Wednesday, passed the Asset Management Corporation of Nigeria Amendment bill. The passage of the bill followed the consideration of a report by the Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the chamber empowers the Assets Management Corporation of Nigeria to, amongst others, take possession, manage or Continue Reading
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A Federal High Court in Abuja has fixed May 25, 2021, to hear a motion brought by the Asset Management Corporation of Nigeria (AMCON), seeking a stay of execution of orders it granted a businessman, Jimoh Ibrahim, over alleged N69billion debt. The new date was fixed following an announcement by the registrar of the court […]Continue Reading
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The House of Representatives has resolved to constitute an ad-hod committee to investigate and determine the Federal Government’s assets in privatized public enterprises, and report back to the house within 8 weeks. This followed a motion of urgent importance on privatized public enterprises sponsored by Hon Mukhtar Ahmed representing Kaduna South Federal Constituency, Continue Reading
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The Federal High Court in Lagos has adjourned till January 16, a suit by the Assets Management Corporation of Nigeria (AMCON) seeking to recover an alleged N924million debt owed by Hardley Apartments, owned by former Nigeria international, Nwankwo Kanu. Justice Chukwujekwu Aneke on Wednesday fixed the date for the hearing of all pending applications. AMCON […]Continue Reading
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Two of the bank chief executive officers (CEOs) who resigned from the board of the Nigerian Economic Summit Group (NESG) have said they were never “threatened or forced to resign” as suggested by a business publication Thursday. The Group Managing Director/Chief Executive Officer of United Bank of Africa (UBA), Mr. Kennedy Uzoka; his counterparts at […]Continue Reading