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Justice Okon Abang of a Federal High Court in Abuja on Monday set aside his order made on January 4, directing the Asset Management Corporation of Nigeria (AMCON) to take over the assets belonging to a businessman, Jimoh Ibrahim, over alleged N69.4 billion debt.
Justice Muslim Sule Hassan of the Federal High Court in Lagos has set aside an ex-parte order freezing the bank accounts of a member of the Board of the Nigerian Communications Commission (NCC), Mr. Clement Omeiza Baiye, and two others companies, Verity Communications Limited and Verity Associates Limited.
A Lagos Division of the Federal High Court has declined an application to vacate an interim order used by the Asset Management Corporation of Nigeria (AMCON) to seize properties belonging to billionaire businessman, Jimoh Ibrahim, for an alleged N69.4 billion debt.
Residents and landlords of Victory Park Estate, Lekki, Lagos State, have accused the Asset Management Corporation of Nigeria AMCON, of harassment over their property despite pending court cases and orders.
Nigeria civil aviation in the last one week has been receiving world commendation. The sector which was recently rated as having one of the highest number of unserviceable aircraft in the world is suddenly being seen as one with the highest potentials on the Africa continent, capable of competing with the best in world civil aviation.
The Senate on Wednesday confirmed the appointment of Mr Ahmed Kuru as Managing Director, Asset Management Corporation of Nigeria (AMCON) for a second term in office, in line with President Muhammadu Buhari’s request.
The Chairman of the Senate Committee on Judiciary and Human Rights Matters, Senator Opeyemi Bamidele, has debunked reports that he is indebted to defunct Oceanic Bank, Sterling Bank or any other bank.
The Asset Management Corporation of Nigeria (AMCON) at the weekend took over an asset belonging to Dr. John Warimeme Abebe, the Chief Promoter of Inducon Nigeria Limited over a staggering indebtedness of over N1.3billion.
As hopes of recovering outstanding N4.4 trillion debt dim, the Asset Management Corporation of Nigeria (AMCON) has cried out to all relevant government agencies and stakeholders to join its debt recovery drive as failure to achieve this golden objective will further wreck the economy.
Ex-Skye Bank chair Tunde Ayeni accuses Captain Okunbo of stealing, criminal diversion of millions...
A former chairman of the defunct Skye Bank (now Polaris Bank), Mr Tunde Ayeni, has dragged his business partner, Captain Hosa Okunbo, to the Economic and Financial Crimes Commission (EFCC) for alleged mismanagement, stealing and diversion of funds from their company – Ocean Marine Security Limited. In the petition written by his counsel, Mr Femi Fálànà (SAN), Ayeni gave a vivid account of how Okunbo tried to scheme him out of the company.
The new Managing Director/CEO of Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021, has assumed office, becoming the 4th Chief Executive and first female to occupy the position since the inception of the bank in 1988.
President Muhammadu Buhari has reappointed Ahmed Kuru as managing director of Asset Management Corporation of Nigeria (AMCON) for a final term of five years.
Mixed reactions have continued to trail plans by the private sector Coalition Against COVID-19 (CACOVID), to spend N100 billion in rehabilitating all the 44 damaged and destroyed police stations nationwide, during the #EndSARS protests.
Sterling Bank Plc has reported a trading income of N7.1 billion for the third quarter (Q3) ended Sept. 30, compared with N1.9 billion achieved in the corresponding period in 2019, notwithstanding the uncertainties caused by the COVID-19 pandemic and recent fiscal reforms by government
Federal Government’s plan to reduce import duties and taxes for tractors, buses and passenger vehicles has been faulted by Peugeot Automobile Nigeria (PAN) Limited.
The Asset Management Corporation of Nigeria (AMCON) yesterday announced that it has taken possession of 12 prime assets belonging to the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited, Mr. Jimoh Ibrahim, over an alleged indebtedness of N69.4 billion.
President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.
Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru (ALK) has renewed the call for legislative support to his agency.
Arsenal delivered a hammer blow to Leicester's faint hopes of winning the Premier League with an impressive fightback to win 3-1 on Sunday.
Gareth Bale scored twice and made another as Spurs thrashed Burnley 4-0 in a scintillating display with the Welshman back to his best on Sunday.
The Oluwo of Iwo, Oba Abdulrosheed Akanbi said insecurity in Nigeria is a perrenial challenge which requires a linear process to be tamed.
The Police Command in Anambra say they have arrested three suspected members of different cult groups in the state.
Saudi Aramco has asked banks to extend, by a year, a $10 billion loan it raised last May, two sources familiar with the matter said.
There was a mild drama on Friday when security operatives intercepted the convoy of self-acclaimed Yoruba Youth leader, Sunday Adeyemo, popularly known as Sunday Igboho, along Lagos-Ibadan Expressway.
Ghana received Wednesday the first shipment of Covid-19 vaccines from Covax, a global scheme to procure and distribute inoculations for free, as the world races to contain the pandemic.
The Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami (SAN), yesterday condemned the recent statement by the Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Professor Itse Sagay, that the AGF would not allow the newly appointed Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa succeed on account of being a “powerful politician” that will interfere in Bawa’s work.
Nationwide outrage has greeted yesterday’s abduction of more than 300 school girls of Government Girls Secondary School, Jangebe in Talata-Mafara Local Government Area of Zamfara state by bandits even as aggrieved residents of the community took to the streets destroying vehicles entering the village in protest.
President Muhammadu Buhari has expressed sadness over the crash of Nigerian Air Force (NAF) Beechcraft KingAir B350 aircraft on Sunday in Abuja, which claimed the lives of seven personnel.