The development is coming on the heels of the recent appointment of Innocent C. Ike as the Acting Managing Director of the Bank.
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Homeowners had to rush back to the Estate when they received distress calls from vulnerable members of their families left at home
El-Rufai gave the advice on Saturday while responding to questions after delivering a lecture in Lagos at an event organised by the Bridge Club, tagged: “An evening with His Excellency Mallam Nasir El-Rufai, Governor of Kaduna State.”
The confirmation came amid fears that Banire’s nomination by President Muhammadu Buhari would be turned down because of opposition from his State, Lagos
The Corporation adopts various bank failure resolution measures such as Purchase and Assumption, provision of liquidity support, assisted merger, take over and management of ailing banks. Other strategies include the establishment of bridge banks and where necessary, the outright liquidation of failed insured institutions
This appointment was contained in a letter sent to the Senate by President Buhari, which was read by Senate President, Dr. Abubakar Bukola Saraki.
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.
AMCON’s Senior Vice-President and Head of Receivership Support, Kamilu Omokide, told newsmen in Lagos on Wednesday that the company would not be delving further into the sector.
Addressing newsmen in Abuja on Thursday after a National Executive Council meeting, Igwe Achese, the NUPENG President, said the strike was inevitable because of the N3 billion terminal benefits allegedly owed some sacked oil sector workers
The News Agency of Nigeria reports that Nigeria’s largest carrier, Arik Air, and Aero Contractors, which are the oldest indigenous airlines, have been taken over by the Assets Management Corporation of Nigeria over their huge debt profiles
Captain Nogie Meggisson, Chairman, AON, made the claim on Sunday in Lagos while reacting to the takeover of Arik Air and Aero Contractors by the Assets Management Company of Nigeria
Arik Air was taken over by the Federal Government on Thursday following its indebtedness, which has been put at over N30 billion
AMCON had taken over the airline following its huge indebtedness of the company to both local and foreign creditors
Founded by Murray-Bruce, The Silverbird Group is a Nigerian multinational real estate, media and entertainment company headquartered in Lagos
Otedola was the second Nigerian to make the FORBES billionaires list in 2009
Justice Ibrahim Buba, in a ruling, upturned the order on the grounds that it was an abuse of court process since the order was obtained in the face of previous pending cases and specific orders.
It was gathered that Jorotom had taken up several regulatory agencies in the financial services sector following the classification of the numerous credit facilities it took from deposit money banks over the years as bad loans
One of them told The Eagle Online on Monday that if all goes according to plan, the newspaper will not be on the newsstand beginning from Tuesday (today)
Uduaghan, receiving the Senate Committee on Privatisation in Asaba on Monday, said that staff of the two institutions were doing good jobs despite several months of unpaid salaries