Tag: AMCON
Court adjourns N76bn and $31.5m fraud trial of ex-AMCON boss, Kuru, 4 others
Kuru , alongside Capt. Roy Ilegbodu, Managing Director of Arik Air, Kamilu Omokide, Receiver Manager of Arik Air, Union Bank…
Group drags AMCON to court over IBEDC
The plaintiff alleges that AMCON now plans to quietly sell the shares to “preferred investors” at N100 billion ($62 million),…
AMCON vows to recover N227bn from Arik Air
The Head, Corporate Communications of AMCON, Mr Jude Nwauzor, made this known during an interactive session with aviation correspondents on…
Court sets date for arraignment of ex-AMCON boss, Ahmed Kuru, for N75bn, $31.5m fraud
He is to be arraigned alongside Capt. Roy Ilegbodu, Managing Director of Arik Air, Kamilu Omokide, Receiver Manager of Arik…
Beracah Lubrications faces court battle as AMCON seeks N9.96bn in debt recovery
According to the statement of claim submitted by AMCON’s lawyer, Chineme Nweke of Anfield Solicitors, the debt arose from credit…
FG vows to resell DisCos still under banks, AMCON acquisition
Adelabu said very soon tough decisions would be taken on the DisCos, saying they are the last lap of the…
AMCON refuses to obey Supreme Court judgment on Best Western Hotel, Lagos
Suru Worldwide Ventures Limited , owners of Best Western Hotel, had served on AMCON notice of its claim for compensation…
Supreme Court voids AMCON takeover of Lagos hotel
But Suru Worldwide Ventures Nigeria Limited appealed against the judgment on the grounds that it was denied a fair hearing…
AMCON in legal battle with cooperative society over N14.7bn debt
It wants interest at the rate of 14%Per annum from the 4th of April, 2022 until Judgment is delivered in…
Lagos businessman Bello- Osagie dragged to court over alleged N395m unpaid loan
The Defendant is a Director of Mtech Communications Limited.
AMCON files debt recovery suit of N140.6m against ex-Bank PHB boss
AMCON averred that sometime in February 2005, the defendant obtained a Mortgage facility for the purpose of purchasing a property,…
Judge issues criminal summons on Sen. Ifeanyi Ubah, Capital Oil
The Federal Government commenced in 2019 criminal prosecution of Senator Ifeanyi Ubah in an 8-count charge over his indebtedness to…
AMCON sues Aregbesola’s aide over unpaid N167.24m debt
AMCON said the defendant at all material times was a customer of the erstwhile Intercontinental Bank Plc and operated accounts…
I don’t owe you: Lagos bizman Tunde Folawiyo tackles AMCON
Lagos lawyer Funke Agbor SAN, in an application said AMCON sued Folawiyo on 17 July 2020 based on a previous…
JUST IN: Court orders AMCON take over Babatunde Folawiyo’s assets
The asset seizure was ordered based on Falawiyo's unpaid debt of N727.9 million.
Alleged N69bn debt: Jimoh Ibrahim asks court to reject AMCON’s plea
AMCON had filed a stay of execution of order the court granted Ibrahim over alleged N69 billion debt.
AMCON takes over Ibadan Electricity Distribution Company
The Assets Management Corporation of Nigeria (AMCON) has assumed control of the Ibadan Electricity Distribution Company(IBEDC) Ltd over insolvency.
Court dismisses lbrahim’s appeals challenging AMCON ‘s seizure of his assets
The Court of Appeal sitting in Lagos, Southwest Nigeria on Friday dismissed two appeals filed by the Chairman of Global…
Appeal court to Jimoh Ibrahim: You can’t stop AMCON
The appellate court re-affirmed the November 4, 2020 order of Justice Rilwan Aikawa of the Federal High Court, in Lagos…
AMCON reports 1,000 chronic debtors owing N3.96tn to National Assembly
The Asset Management Corporation of Nigeria, AMCON has said the total current exposure on all eligible bank assets is estimated…
Court throws out AMCON’s suit against Buhari
A Federal High Court in Abuja has thrown out the suit filed by the Asset Management Corporation of Nigeria (AMCON)…
My debt servicing ratio lowest among business moguls – Jimoh Ibrahim
Jimoh Ibrahim, the owner of NICON Insurance and Nigeria Re. has described his debt servicing ratio as the lowest among…
AMCON speaks on Dangote refinery debt
Several online news platforms orchestrated a report that the 650,000 barrels a day Dangote refinery, which is yet to start…
N2.3bn debt: Rotimi Williams‘ son Oladipupo drags AMCON to court
The crisis rocking the estate of the deceased legal luminary, Chief Frederick Rotimi Williams SAN, has taken a new dimension.
Senate moves to recover N16trn AMCON loans
The Senate, Tuesday, considered a critical bill seeking to empower the Asset Management Corporation of Nigeria (AMCON) in the aspect…
N69.4bn debt: Jimoh Ibrahim loses bid to vacate order seizing his assets
A Federal High Court in Lagos, Southwest Nigeria on Tuesday refused to vacate an interim order by which the Asset…
Senate confirms AMCON, NDIC nominees
The Senate on Wednesday confirmed the nominations of Mr. Ahmed Lawan Kuru; and Bello Hassan as Managing Directors of the…
N69.4bn debt: AMCON takes over Jimoh Ibrahim’s assets, freezes accounts
The Asset Management Corporation of Nigeria (AMCON) has taken over 12 prime assets belonging to business mogul, Jimoh Ibrahim over…
AMCON strips Jimoh Ibrahim of prime assets, bank accounts
Twelve prime assets belonging to the Chairman of Global Fleet Group, Jimoh Ibrahim, have been seized by Asset Management Corporation…
You must pay your debt: Dead AIG Simeon Oduoye’s account frozen by AMCON
Six years after his death, a retired Assistant Inspector General of Police and Simeon Olasunkanmi Oduoye, is being asked to…