This follows the signing into law by President Muhammad Buhari of a bill that would empower the Assets Management Company of Nigeria to monitor and supervise the accounts of the prominent Nigerians who are indebted and the debts bought over by AMCON.
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The Chairman of the Resort Group, Dr. Wale Babalakin (SAN), has said ignorance was responsible for infrastructure deficit in Nigeria.
The presidential candidate of the Peoples Democratic Party for the 2019 election, Atiku Abubakar, has challenged the Federal Government to show evidence that he benefitted from the N156 million slush fund that allegedly led to the collapse of the defunct Bank PHB.
Former Nigeria Super Eagles Captian, Nwakwo Kanu, on Monday said he was embittered by the illegal takeover of one of his properties, “Hardly Apartment’’, located in Victoria Island, Lagos, which was under litigation.
Silverbird Galleria is located on Ahmad Bello Way in Victoria Island, Lagos.
Balami, an Aircraft Engineer, made this known in an interview with the News Agency of Nigeria on Sunday in Abuja.
It also confirmed the appointment of Folashodun Shonubi as Deputy Governor of the Central Bank of Nigeria.
The CBN announced that Polaris Bank would take over the assets and liabilities of the defunct Skye Bank.
The exchange gave the notice in Lagos in a statement by Olumide Orojimi, Head of Corporate Communications, and Godstime Iwenekhai, Head of Listings Regulations.
Built in 1976, the facility which served as the engine room of the federal civil service is virtually in a ruinous state, stripped of doors, windows and other fittings, a News Agency of Nigeria check has revealed.
The Lagos state chapter of the Action Democratic Party has called on the three Senators representing Lagos State at the National Assembly not to allow themselves to be used as sabotage against the interest of Lagosians over their move to block the Asset Management Corporation chairmanship slot for Lagos.
A former National Legal Adviser of the All Progressives Congress and Convener of the United Action for Change, Dr. Muiz Adeyemi Banire (SAN), has said he would not bow to anyone to get confirmed by the Senate as the Chairman of the Board of Directors of the Asset Management Corporation, AMCON.
Managing Director and Chief Executive Officer of AMCON, Ahmed Kuru, who disclosed in an interview with the News Agency of Nigeria in Abuja on Sunday, said that the N5.4 trillion debt had lingered for too long.
The Managing Director/Chief Executive Officer of AMCON, Ahmed Kuru, disclosed this in an interview with the News Agency of Nigeria in Abuja on Wednesday.
NAN reports that Access Bank, GTBank, United Bank for Africa, Fidelity Bank, FCMB Group and Sterling Bank made the payments between 2015 and 2017.
Uneze made the call in a statement signed by AMCON’s Head of Corporate Communications, Jude Nwauzorand, on Friday in Lagos, issued after a one-day sensitisation forum for AMCON’s Valuers and Receiver Managers.
The corporation in a statement signed by its Head, Corporate Communications, Jude Nwauzor, said that the takeover was in continuation of AMCON recovery activities in the new financial year.
Kuru also said the Corporation has the powers through the enabling Act to trace any asset or assets belonging to debtors and seize them through the courts though such assets were not originally tendered in the loan agreement
The AMPs are consortiums with specialist skills required to ensure recovery and debt resolution, banking, legal, valuation and accounting.
Speaking at the event in Lagos on Thursday, Kola Ayeye, AMCON Executive Director, who represented Ahmed Kuru, the Managing Director/CEO, said collaborating with AMPs had become necessary because the Corporation has a total loan portfolio of over 12,000 loans of various sizes and sectors that are still lingering six years after AMCON was established.
The National Union of Air Transport Employees and the Air Transport Senior Staff Services Association of Nigeria made the call during a peaceful protest at Aero Contractors’ office in Lagos