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Asset Management Corporation of Nigeria (AMCON) was established on the 19th July 2010. AMCON Act. This Act seeks to establish the Asset Management Corporation of Nigeria for the purpose. Corporate Overview. Acquire Eligible Bank Assets (EBAs) from Eligible Financial Institutions (EFIs) at a fair value. Our corporate facts. N1.7 trillion.
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Official Website. Asset Management Corporation of Nigeria (AMCON) is a body established by the Act of the National Assembly of Nigeria in July 2010 with an intended 10 years lifespan.
Asset Management Corporation of Nigeria (AMCON) was established on the 19th July 2010, when the President of the Federal Republic of Nigeria signed the AMCON Act into Law.
Dec 20, 2023 · To achieve these mandates, AMCON is empowered with a wide range of functions, including issuing bonds and other debt instruments, maintaining a portfolio of diverse assets, providing equity capital, borrowing money in domestic or foreign currencies, and entering into financial derivative contracts. CURRENT STATUS AND CHALLENGES:
Founded in 2010, Asset Management Corporation of Nigeria is a government organization based in Nigeria that works to resolve the non-performing loan assets of the banks and provides financial services to its clients.
May 14, 2024 · The AMCON Bill was signed into law on the 9th day of July, 2010 as an Act to establish the Asset Management Corporation of Nigeria for the purpose of efficiently resolving the non-performing loan assets of Banks in Nigeria and for related matters.