Category Archives: AMCON Feed Subscription

• Be Warned: AMCON to publish names and confiscate assets of Bad debts

  3Invest Media March 10, 2014

  

  The Asset Management Corporation of Nigeria (AMCON) would soon begin the arrest and publishing of names of 13, 000 Nigerians who have refused to settle their debts with it. AMCON Executive Director, Credit Directorate, Abbas Mohammed Jega, disclosed this in an exclusive interview with Daily Trust. Jega said this measure became necessary because “we can’t allow 13, 000 people to... Read more »

• AMCON to commence sale of Enterprise Bank and Mainstream Bank

  3Invest Media February 26, 2014

  

  Chike Obi calls for economic, unemployment emergency in Nigeria THE Asset Management Company Limited (AMCON) has announced that the sale of the three nationalized banks would commence in June 2014. According to the Chief Executive Officer of AMCON, Mustapha Chike Obi, Enterprise bank would be sold by June while Mainstream would follow subsequently in October this year. Chike Obi, while speaking... Read more »

• Now that we got #NMRC, what are we going to do with it? 10 things to know by 3INVESTONLINE

  3Invest Media January 18, 2014

  

  Before we click glasses in toast to affordable housing and a Fannie Mae-styled mortgage sector, I think Nigeria’s Minister of Finance and coordinating Minister of the economy, Dr. Ngozi Okonjo-Iweala deserves a special mention. She’s such an incurable optimist who exudes a contagious confidence in the plausibility of a healthy mortgage sector; and what it means to the economy. As... Read more »