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Dec 20, 2023 · Hence, the birth of the Asset Management Corporation of Nigeria (AMCON), was established by the Act of the National Assembly of Nigeria in July 2010, with an intended 10-year lifespan. The objective was to detoxify the banking system through the purchase of bad assets, non-performing loans, and liquidity injection into troubled banks.
May 4, 2020 · 1. Objectives. (1) The objectives of this rule is to enable the court deal with AMCON claims quickly and efficiently. (2) The judge shall give effect to the objectives referred to in sub-rule (1) of this rule at every stage of AMCON claim when exercising any power given by the Act or Rules. 2.
Sep 15, 2023 · VIEW MORE. 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.
Sep 15, 2023 · 22nd February 2024. President Bola Tinubu has approved the appointment of a new management team for the Asset Management Corporation of Nigeria (AMCON), pending their confirmation by the Nigerian Senate. According to a statement by Presidential spokesman, Ajuri Ngelale, on Thursday, the appointees are Gbenga Alade as Managing Director/CEO of ...
Dec 23, 2019 · CENTER FOR LAW OF NIGERIA : FEDERAL LAWS. ONLINE COPY OF THIS LAW IS FREE. PDF IS AVAILABLE FOR N2000. PDF COMPENDIUM OF ALL LAWS/CATEGORIES ALSO AVAILABLE Email: lawnigeria@gmail.com and info@lawnigeria.com or Text: +234 706 710 2097. ASSET MANAGEMENT CORPORATION OF NIGERIA ACT, 2010.
