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AMCON acquires Aeroland Travels’ assets over N1.8 billion debt

In its efforts to recover an outstanding N5 trillion debt, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Aeroland Travels Limited and its directors over its indebtedness of N1.8 billion.

This is sequel to the order of Honourable Justice DE Osiagor of the Federal High Court, Lagos Division… read more


Buhari approves NAICOM interim board chairman, members

President Muhammadu Buhari has approved the composition of part-time Chairman board members of the board of the National Insurance Commission (NAICOM).

This appointment is based on the fact that the incumbent board of the commission was constituted for a four-year term with effect from March 8, 2018, and their tenure will expire on March 7, 2022… read more


AMCON takes over AbdulFatah’s mansions over N5b debt

Less than forty eight hours after he joined forces with other prominent Nigerians to float Rescue Nigeria Project (RNP) also known as Third Force, the Asset Management Corporation of Nigeria (AMCON) on Wednesday stormed Ilorin to seize the mansion of the immediate past Kwara State Governor, Alhaji Abdulfatah Ahmed in Ilorin over N5billion debt he’s owing the corporation.

The property is located at No. 9A Abdulrazaq Street, GRA, Ilorin. Other assets of the former Governor which the Court granted AMCON possession over include “No 13, Alhaji Masha Road, Surulere; No. 9 Wharf, Apapa, Lagos; Plot 3632, Cadastral Zone E27 of Apo, Abuja; Plot 4115, Cadastral Zone F14 of Bazango, Abuja and Plot 8502, Cadastral Zone E31 of Carraway Dallas, Abuja”… read more


AMCON takes over firms belonging to Wada, ex-Kogi governor over alleged debt

Following an interim order of a federal high court in Lagos, the Asset Management Company of Nigeria (AMCON) through its appointed receiver/manager, Chief Robert Ohuoba has taken over the business, trading activities and all fixed and floating assets of firms belonging to a former governor of Kogi State, Idris Wada over an alleged unpaid debt.

The affected firms are Tampetro Nigeria limited and International Logistic & fulfilment services limited. Apart from Wada, other directors of the companies are Abubakar Shehu Tambuwal, James Zubairu and Zalihatu Abubakar Shehu. read more