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1. amcon.com.ngAsset Management Corporation of Nigeria (AMCON)

   amcon.com.ng

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   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.

   • HOME

     This is to inform the public and all stakeholders of Asset...

   • NEWS ROOM

     Head Office 417, Tigris Crescent, Off Aguiyi Ironsi Street,...

   • FAQs

     All bids must be submitted alongside executed AMCON Know...

   • CONTACT US

     Lagos Office: 67, Marina Street, Lagos Island, Lagos,...

   • Governance Structure

     Executive Director, AMCON. x. Mr. Lucky Adaghe who recently...

   • The AMCON Act

     An act to establish the Asset Management Corporation of...

   • Achievements

     The Loan Management Team classifies loans based on their...

   • About AMCON Disposal

     By virtue of the AMCON Act 2010 enacted by the National...

2. en.wikipedia.org › wiki › Asset_ManagementAsset Management Corporation of Nigeria - Wikipedia

   en.wikipedia.org › wiki › Asset_Management

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   Eberechukeu Uneze, Executive Director. Aminu Ismail, Executive Director. Key document. AMCON Act 2010. Website. 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.

3. businessday.ng › news › legal-businessTransitioning AMCON - the choice between winding down and ...

   businessday.ng › news › legal-business

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   Nov 23, 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.

4. www.makemoney.ng › amconAMCON: History, roles, and function - MakeMoney.ng

   www.makemoney.ng › amcon

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   Mar 19, 2024 · What is AMCON? Historical background. Functions of Asset Management Corporation of Nigeria (AMCON) 1. Assists eligible financial institutions. 2. Manages and disposes of eligible bank assets. 3. Obtains achievable financial returns. 4. Acquires eligible bank assets. 5. Invests in eligible financial institutions. 6.

5. elischolar.library.yale.edu › cgi › viewcontentAsset Management Corporation of Nigeria (AMCON): Asset Management

   elischolar.library.yale.edu › cgi › viewcontent

   The government established the Asset Management Corporation of Nigeria (AMCON) in July 2010 to purchase NPLs and inject capital in insolvent banks. In three purchases between December 2010 and December 2011, AMCON acquired loans with face value ₦4.02 trillion ($26.8 billion) for ₦1.76 trillion. As a result, NPLs in Nigerian banks fell from ...

6. ng.linkedin.com › company › asset-managementAsset Management Corporation Of Nigeria | LinkedIn

   ng.linkedin.com › company › asset-management

   Asset Management Corporation Of Nigeria | 3,604 followers on LinkedIn. Asset Management Corporation of Nigeria (AMCON) was established on the 19th July 2010, when the President...

7. People also ask

   What does asset management company of Nigeria do?

   • The Asset Management Company of Nigeria engages in the activities of holding, managing, and subsequently divesting eligible assets held by banks. Within this scope of operation, the company assumes the responsibility of gathering both the interest on the principal and the due capital for the duration of the transactions.

   AMCON: History, roles, and function - MakeMoney.ng

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   How did AMCON invest in assets in Nigeria?

   • Although nearly every financial institution in Nigeria participated in asset transfers, AMCON’s portfolio was dominated by assets acquired from a small number of sellers as well as a small number of loans with large face value.

   Asset Management Corporation of Nigeria (AMCON): Asset

   elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1178&context=journal-of-financial-crises

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   How did AMCON become a national asset management agency?

   • The draft bill establishing AMCON was modeled after Ireland’s National Asset Management Agency and Malaysia’s Danaharta. These agencies were mandated to acquire NPLs during the GFC and the Asian Financial Crisis, respectively (Makanjuola 2015). 8. Governance/Administration: AMCON was governed by a 10-member board of directors.

   Asset Management Corporation of Nigeria (AMCON): Asset

   elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1178&context=journal-of-financial-crises

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   Who is the CEO of AMCON Nigeria?

   • Mustafa Chike-Obi6 was elected as CEO and head of the board. Members of the board were nominated by the Federal Ministry of Finance, the NDIC, and the CBN. AMCON was fully owned by the Nigerian government, with authorized capital of ₦10 billion contributed in equal parts by the CBN and Ministry of Finance.

   Asset Management Corporation of Nigeria (AMCON): Asset

   elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1178&context=journal-of-financial-crises

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