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Asset Management Corporation of Nigeria (AMCON)
Sep 15, 2023 · AMCON was created to be a key stabilizing and re-vitalizing tool established to revive the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy. AMCON was created to be a key stabilizing and re-vitalizing tool aimed at resolving the non-performing loan assets.
Apr 19, 2018 · OF THE ASSET MANAGEMENT CORPORATION OF NIGERIA. (1) There is established the Asset Management Corporation of Nigeria (in this Act referred to as “the Corporation”). (2) The Corporation: (a) shall be a body corporate with a common seal, perpetual succession; and. (b) may sue and be sued in its corporate name.
ASSET MANAGE[\lENT CORPORATION OF NIGERIA ACT, 2010. ABil1 For. An Act to establish the Asset Management Corporation of Nigeria for the purpose. of efficientlyresolvingthenun-performing loan assetsofbanksinNigeria; and for related Matters. ENACTED by the National Assembly of the Federal Republic of Nigeria: PARTI-ESTABLISHMENT, ETC.
Jul 11, 2019 · ASSET MANAGEMENT CORPORATION OF NIGERIA. [A copy of this judgment – complete with distilled Main Issues, other Citations, Legal Representation and supporting judgments – is available in PDF format for N300. You may order through lawnigeria@gmail.com and info@lawnigeria.com or +234 07067102097.
The Asset Management Corporation of Nigeria Act was signed into law in July 2010 by the president, Goodluck Jonathan, officially establishing AMCON as Nigeria’s public asset management company (AMC). The act mandated AMCON to inject capital and purchase nonperforming and systemically important loans (Makanjuola 2016).
