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AMCON

8 Mar
A stakeholder , Raheem Ajayi, has expressed optimism in the new leadership of the Asset Management Corporation of Nigeria (AMCON), in the person of Gbenga Alade, who was recently appointed by President Bola Tinubu.
5 Mar
Suru Group Boss, Edward Akinlade has applauded the Supreme Court of Nigeria for its decisive judgement in the lawsuit between his company, Suru Worldwide and Asset Management Corporation of Nigeria (AMCON) over seizure of some of his company’s property by AMCON.
27 Feb
The Supreme Court of Nigeria has declared the act of vandalisation of Best Western Hotel, located at Allen Avenue, Ikeja, by Asset Management Corporation of Nigeria (AMCON) as illegal.
21 Feb
Group Managing Director, Suru Worldwide Ventures Limited, Dr Edward Akinlade, has recounted 100 direct and 500 indirect staff lost their jobs at Lagos Best Western due to Asset Management Company of Nigeria (AMCON) invasion on the 21st of September, 2017.
16 Feb
The Supreme Court on Friday affirmed the judgment of the Court of Appeal Lagos nullifying the takeover of the landed property of Suru Worldwide Ventures Nigeria Limited by the Asset Management Corporation of Nigeria (AMCON).
1 Feb
President Bola Ahmed Tinubu has been called upon to order the immediate probe of the Asset Management Corporation of Nigeria (AMCON) on the sale of public assets.
10 Dec
AMCON A business professional group has advocated for urgent amendment to the acts establishing the Economic and Financial Crimes Commission (EFCC), Central Bank of Nigeria (CBN) and Asset Management Corporation of Nigeria (AMCON) to wake them from slumber and put a stop to the frequent banks and businesses’ liquidation. The group, Turnaround Management Association of…
15 Nov
All is not well with electricity distribution companies across the country as the state of the five utility firms, which were taken over by the Federal Government, commercial banks and Asset Management Corporation of Nigeria (AMCON) have little to show off one year after.
19 Oct
To set the records straight, the solicitors to Capital Oil and Gas have carried out a strong resolution of the Dispute between Capital Oil and Gas, Senator Patrick Ifeanyi Ubah, and the Assets Management Corporation Of Nigeria (AMCON).
6 Oct
The leadership of the National Union of Transport Employees (NUATE), Aero Contractors branch, has debunked claims by its former General Secretary, alleging that the Asset Management Corporation of Nigeria (AMCON) mismanaged the airline.
28 Sep 2023
The National Union of Air Transport Employees (NUATE) has petitioned the Minister of Aviation, Festus Keyamo, over what it called mismanagement of assets belonging to Aero Contractors by the Asset Management Corporation of Nigeria (AMCON) . The immediate past General Secretary of the union, Olayinka Abioye, in an open letter to the Minister dated September…
22 Sep 2023
Ahmed Kuru is the Managing Director of Asset Management Corporation of Nigeria (AMCON), a bad debt recovery agency of the Federal Government. Amid controversies on AMCON’s recovery strategy in the aviation sector, Kuru spoke with WOLE OYEBADE and GEOFF IYATSE on the fate of embattled airlines, among several others, ahead of AMCON’s 2025 sunset deadline.…

Latest

15 mins ago
Hoodlums attacked and set on fire the Neni Divisional Police station in Anaocha Local Government Area of Anambra State. It was gathered that the hoodlums numbering about 30 stormed the area at about 2am on Thursday and destroyed several buildings. READ ALSO: First phase of Lagos-Calabar Highway to be completed in three years – FG…
1 hour ago
To streamline operations and enforce parity across its workforce, the Board of Eko Electricity Distribution Company (Eko Disco) has affirmed recent management changes and its decision to harmonize salaries and conditions of service for all employees. Dispelling rumors of a reversal in the dissolution of the former management under Dr Tinuade Sanda, Mr. Dere Otubu,…
1 hour ago
The Federal Government said the first phase of the Lagos-Calabar highway will be completed within the next three years. This was disclosed on Thursday in a statement by Ben Bem Goong who is the spokesman to the Minister of Works, Engr. David Umahi. Goong made this announcement following Umahi's inspection of the Lagos-Calabar coaster highway…
2 hours ago
Nigeria has been left in darkness as the national electricity grid controlled from Osogbo, Osun State collapsed at about 4:30pm on Thursday. Most distribution companies across the country disclosed that their feeders were out leaving their franchises area across the 36 states in darkness. While the grid output was 2984 megawatts as at 4pm, the…
2 hours ago
An Ikeja High Court on Thursday issued a bench warrant against the former employee of Punch Nigeria Ltd., Olusegun Ogunbanjo, and others charged with N950 million fraud.
2 hours ago
An Ikeja Sexual Offences and Domestic Violence Court on Thursday discharged and acquitted a 23-year-old student, Victory Tasie, charged with defiling his girlfriend.
3 hours ago
Persons familiar with the antecedents of Senator Uba Sani, the Governor of Kaduna State, readily attest to the fact that he is hardly ever deterred by challenges or adversities, no matter how daunting. Stories abound of his daring exploits as a young civil and human rights activist when successive military juntas held sway in Nigeria.…
3 hours ago
A former National Chairman of the Peoples Democratic Party (PDP), Uche Secondus and members of the Presidential Campaign Council of the party for the 2023 general elections in Rivers State have declared their loyalty to President Bola Ahmed Tinubu and the state governor, Siminalayi Fubara. A former Minister of Transportation and the Director-General, PDP-PCC Rivers…
4 hours ago
The Lagos State Traffic Management Authority, (LASTMA), says the authority will deploy men and materials during the Easter celebration to manage traffic incidences in the state.
4 hours ago
A Federal High Court, Lagos has ordered the Inspector General of Police (IGP) and seven others to maintain status quo, suspend, and hold all actions pending the hearing and determination of the suits filed against them by a property developer, Gbadebo Aina Odunusi.