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1. • AMCON

     

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     • AMCON, short for Asset Management Corporation of Nigeria, was established as a governmental agency in 2010, in direct response to both the global financial crisis and the subsequent banking crisis that gripped Nigeria.
     Reference:

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

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   What is Asset Management Corporation of Nigeria (AMCON)?

   • 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.

   Nigeria: Transitioning AMCON – The Choice Between Winding Down And

   www.mondaq.com/nigeria/wealth--asset-management/1402848/transitioning-amcon--the-choice-between-winding-down-and-privatisation

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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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   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

   www.makemoney.ng/amcon/

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   When did the AMCON Act become a law in Nigeria?

   • The AMCON Act was approved by the House of Representatives and the Senate and signed into law on July 19, 2010 (Cerruti and Neyens 2016, 116; Makanjuola 2015). The Governor of the CBN had previously proposed the idea of a public asset management corporation in Nigeria in 2004 as a part of the banking reform package.

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

   amcon.com.ng

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   Sep 15, 2023 · Asset Sales; Corporate Communications; Enterprise Risk Management; Finance; Property Management; Proprietary Portfolio Management; Security; Valuation and Insurance; The AMCON Act; Achievements; ASSET DISPOSAL . About AMCON Disposal; Assets for Sale; Assets for Rent; RESOURCES. AMCON Resources; AMP Portal; Case Management Solution; NEWS ROOM ...

   • HOME

     Rigs Onome and Oritsetimeyin are part of the Eligible Bank...

   • NEWS ROOM

     Arik Air: Before Asset Management Corporation Of Nigeria...

   • FAQs

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

   • CONTACT US

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

   • Governance Structure

     Mr. Lucky Adaghe who recently was appointed to serve as...

   • 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...

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

   en.wikipedia.org › wiki › Asset_Management

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   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. The concept is in consonance with the operation of the National Asset Management Agency of the Republic of Ireland and Malaysia Pengurusan Danaharta . [1]

   • Annual budget: ₦150 billion estimated cost per annum
   • Formed: 11 July 2011

   • Employees: 437
   • Jurisdiction: Federal Republic of NigeriaPlot 417 Tigris Crescent. Maitama, FCT, Abuja.

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

   www.makemoney.ng › amcon

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   Mar 19, 2024 · AMCON, short for Asset Management Corporation of Nigeria, was established as a governmental agency in 2010, in direct response to both the global financial crisis and the subsequent banking crisis that gripped Nigeria. The central mission of AMCON is to foster stability within the Nigerian banking sector by addressing the issue of non ...

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

   elischolar.library.yale.edu › cgi › viewcontent

   • Asset Management Corporation of Nigeria (AMCON): Asset Management
   • Public Asset Management Companies – Chapter 6: “The Third Generation: NAMA, AMCON, and SAREB” (Cerruti and Neyens 2016)
   • Asset Management Corporation of Nigeria Act, 2010
   • Asset Management Corporation of Nigeria (Amendment) Act, 2015
   • Asset Management Corporation of Nigeria Website, Achievements

   Pascal Ungersboeck Yale School of Management Corey N. Runkel Yale School of Management Follow this and additional works at: https://elischolar.library.yale.edu/journal-of-financial-crises Part of the Economic History Commons, Economic Policy Commons, Finance and Financial Management Commons, Macroeconomics Commons, Policy Design, Analysis, and Eval...

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   A World Bank Study containing case studies on a number of public AMCs. https://ypfs.som.yale.edu/library/asset-management-corporation-nigeria-amendment-act.

   See full list on elischolar.library.yale.edu

   Act establishing the Asset Management Corporation of Nigeria as a public agency for the purpose of resolving nonperforming loans and defining terms such as eligible bank assets. https://ypfs.som.yale.edu/library/asset-management-corporation-nigeria-act.

   See full list on elischolar.library.yale.edu

   Amendment extending, among other powers, enhanced debt collection powers. https://ypfs.som.yale.edu/library/asset-management-corporation-nigeria-amendment-act.

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   Summary of loan acquisition data provided by AMCON. https://ypfs.som.yale.edu/library/achievements.

   See full list on elischolar.library.yale.edu

   • Author: Pascal Ungersboeck, Corey N Runkel

   • Publish Year: 2021

7. www.mondaq.com › nigeria › wealth--asset-managementNigeria: Transitioning AMCON – The Choice Between Winding ...

   www.mondaq.com › nigeria › wealth--asset-management

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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.

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

   businessday.ng › news › legal-business

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   Nov 23, 2023 · November 23, 2023. Due to the global financial crisis and domestic events, the federal government of Nigeria, through the Central Bank of Nigeria, conceptualized the idea for the establishment of a body to prevent a looming financial crisis. Hence, the birth of the Asset Management Corporation of Nigeria (AMCON), was established by the Act of ...