Stanbic IBTC Bank PLC’s (the Bank) attention has been drawn to a publication by various online media, which purports to indicate that Ascon Oil Limited (“Ascon”) ‘retook possession’ of a property along Lekki Admiralty Way, pursuant to an alleged Court Order issued in their favour. This is certainly a gross …
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A federal high Court has ordered AMCON to take over Senator Ben Bruce’s Silverbird Galleria in Lagos over N11Billion Debt. The Galleria has been shut down.More photos below…
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THE Asset Management Corporation of Nigeria, AMCON, Wednesday admitted before an investigative panel of the House of Representatives that its current liabilities stand at N6.6 trillion following purchase of bad loans worth N3.3 trillion at the sum of N1.7 trillion. This was disclosed by the Managing Director of AMCON, Ahmed …
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The Assets Management Company of Nigeria (AMCON), in its debt recovery process has taken over a building belonging to a construction company,G.Cappa over its unpaid N1.2 Billion debt. The building is located at 8,Taylor road,Ebute-Metta, Lagos and it is in line with the order of the Federal high court in …
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