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Asset Management Corporation of Nigeria
Justice Anwuli Chikere of a Federal High Court, Abuja, on Thursday, adjourned until April 20 the suit filed by Asset Management Corporation of Nigeria (AMCON), ordered it to takeover the assets of Alhaji Buba Galadima and his company, Bedko Nigeria Ltd.
Emefiele, who spoke on Saturday during a visit to the Dangote refinery and fertiliser project site in Lagos, said the chunk of the loans in the Asset Management Corporation of Nigeria was being owed by Nigerians.
Houses and a company linked to a chieftain of the Peoples Democratic Party (PDP), Alhaji Buba Galadima, were on Tuesday seized by the Asset Management Corporation of Nigeria (AMCON) over an alleged N900 million debt.
Asset Management Corporation of Nigeria, AMCON, Thursday secured the approval of the Federal High Court sitting in Lagos to arraign Ifeanyi Ubah and his Capital Oil and Gas Limited over the fraudulent value of assets tendered to offset N132 billion owed the corporation.
The Senate on Wednesday approved the sun of N140,383,591,000 for the Nigerian Communications Commission (NCC) for the 2020 fiscal year.
President of the Senate, Ahmad Lawan, has said the Ninth National Assembly will do things differently to break the jinx with the passage of the Petroleum Industry Bill (PIB) next year.
The Asset Management Corporation of Nigeria (AMCON) on Thursday presented what it described as the ‘correct account’ in the case between the corporation and Senator Ifeanyi Ubah over alleged N135 billion bad debt.
The Senate on Wednesday at the plenary mandated its Committee on Local Content to investigate reasons for the dominance of foreign vessels above locally owned and registered vessels in the domestic carriage of petroleum products within coastal inland waterways of Nigeria.
Senate on Wednesday began the Confirmation process of Edward Lametek Adamu as the Chairman of the Asset Management Corporation of Nigeria, AMCON.
Arik Air received two aircraft from C-Check over the weekend, thereby boosting the operations of the airline in the coming festive season.
President Muhammadu Buhari has replaced Muiz Banire as the head of Asset Management Corporation of Nigeria (AMCON).
Ubah, who is currently a senator, was to be arraigned before Justice Nicholas Oweibo of the Federal High Court in Ikoyi, Lagos. The senator and his company, Capital Oil and Gas Limited, are facing a four-count charge of fraud and misrepresentation of facts.
The assets of Ademola Seriki, a former Minister of State for Defence and one time Supervising Minister for Mines and Steel Development are to be taken over by Asset Management Corporation of Nigeria (AMCON).
The Federal Government on Wednesday dismissed calls that Arik Air be converted into a national carrier rather than establishing a new one.
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors.
The Inspector General of Police (I-G), Mr Mohammed Adamu, on Thursday said the social restriction order would continue during the Easter celebration in states where the order had been in ordered.
Barely a week after Chinese scientists finished injecting an experimental coronavirus vaccine into their first group of volunteers, official news outlets reported Thursday that a second batch of participants was being recruited.
The government’s expression is coming after the Minister of Foreign Affairs, Geoffrey Onyeama, assured on his verified Twitter handle that he was going to engage the Chinese Government over the allegations immediately.
The companies, comprising: The Shell Petroleum Development Company of Nigeria Limited, Shell Nigeria Exploration and Production Company and Shell Nigeria Gas, also joined other players in the oil and gas industry to support the Federal Government with $30 million to stop the spread of the deadly disease.
The Rivers State Government has temporarily relaxed the restrictions on large religious gatherings to enable Christians carry out their religious obligations during the Easter Period.
UN Secretary-General António Guterres has decried a “horrifying global surge in domestic violence” against women and girls amid the coronavirus (COVID-19) pandemic.
Nigerians have taken to social media to call out Popular Nollywood actress, Funke Akindele-Bello, for holding a party in her Lagos home during the ongoing lockdown.
Japan’s main Nikkei index was trading more than 2.5% higher in late day trading, while Australia’s S&P/ASX was trading up well over 3.7%. The KOSPI in Seoul was up 2.6% and Hong Kong’s Hang Seng had gained well over one percent. Shanghai’s index was closed for a public holiday.
As the 14 days lockdown imposed on Abuja, Lagos and Ogun states by President Muhammadu Buhari as well as restrictions of movements devised by states across the country to beat COVID-19 bites harder, prices of goods and services, particularly food items, have gone up astronomically.
The Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos, on Saturday confirmed the death of a COVID-19 patient in the hospital.