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Buhari removes Banire as AMCON chairman, appoints Edward Adamu

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President Muhammadu Buhari has nominated the Deputy Governor of Central Bank of Nigeria (CBN), Edward Adamu, as chairman of the Asset Management Corporation of Nigeria (AMCON). Adamu’s...

FG sues Ifeanyi Ubah over N135bn debt

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A Federal High Court in Lagos has adjourned till February 13, 2020, the arraignment of Senator Ifeanyi Ubah and his company, Capital Oil and Gas Limited,...

Donald Duke recovers property after out-of-court settlement with AMCON

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The Federal High Court in Lagos has struck out its August 8 order which empowered the Asset Management Corporation of Nigeria (AMCON) to seize the property...

AMCON drags Agagu’s wife to court over unpaid N32m debt

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The Asset Management Corporation of Nigeria (AMCON) has dragged Ibidun Agagu, the wife of former governor of Ondo State, Olusegun Agagu, before a Federal...

Donald Duke seeks out-of-court talks with AMCON over seized property

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Former governor of Cross River State, Donald Duke, is considering out-of-court settlement with the Asset Management Corporation of Nigeria (AMCON) over the seizure of his property...

Court orders AMCON to seize Donald Duke’s property over N537m debt

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A Federal High Court sitting in Lagos has ordered the Asset Management Corporation of Nigeria (AMCON) to take over property belonging to former governor of Cross...

AMCON to sell Polaris Bank after 2019 elections

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The Assets Management Corporation of Nigeria (AMCON) has said it would begin the process of seeking buyers for Polaris Bank after the general elections. AMCON spokesperson, Jude...

Kanu Nwankwo’s hotel burgled, medals, Olympic torch missing

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Former Super Eagles’ captain, Nwankwo Kanu, has accused Assets Management Corporation of Nigeria (AMCON) of orchestrating an illegal takeover of his hotel. The 42-year-old former...

EFCC grills ex-Skye Bank chairman Tunde Ayeni over multi-billion naira fraud

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The Economic and Financial Crimes Commission on Tuesday quizzed former chairman of Skye Bank Plc (now Polaris Bank) Tunde Ayeni over fraud allegations. Mr Ayeni,...

Ifeanyi Ubah, Jimoh Ibrahim top list as AMCON releases names of...

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Billionaire businessmen, Ifeanyi Ubah and Jimoh Ibrahim, have been identified as some of those owing Nigerian banks N906,109,840,662.99 in total according to a list...