Browsing: AMCON

At long last, the Court of Appeal Lagos Division has dismissed an appeal by the Chairman of Global Fleet Group, Barrister Jimoh Ibrahim, challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his 12 assets and freezing of all his accounts over his alleged N69.4billion debt

The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has declared that the 9th Senate of the Federal Republic of Nigeria is not happy that certain agencies of government are working at cross-purposes. This he stated is not in the overall interest of the Nigerian economy.

Justice Nnamdi Dimgba of the Federal High Court Awka Division at the weekend rose in strong defense of the Federal Government of Nigeria led by President Muhammadu Buhari, the Central Bank of Nigeria (CBN), the Federal Ministry of Finance and the National Assembly for setting up the Asset Management Corporation of Nigeria (AMCON) and granting the agency some special powers to enable it to recover its troublesome bad debts

Following the order of Hon. Justice A.M. Liman of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) on Wednesday September 22, 2021, in Ilorin, the Kwara State capital took over the palatial mansion of Alhaji Abdulfatah Ahmed, the former two-time governor of Kwara State over a staggering indebtedness of nearly ₦5billion

The Inspector General of Police (IGP) Mr Usman Alkali Baba has declared that the Asset Management Corporation of Nigeria (AMCON) needs the collaboration of all Assistant Inspector-Generals of Police (AIGs) as well as the Commissioners of Police (CPs) in the 36 states of the federation in its debt recovery drive, which is now at very critical stage of enforcements.