Tag: AMCON
Alibaba evicted from his Lagos property
Popular comedian, Atunyota Alleluya Akpobome aka Alibaba, and his company, XQZMOI TV, have been evicted from his property in Victoria Island property [...]
FG withdraws N60bn fraud charges against ex AMCON MD, Ahmed Kuru
The judge of Lagos state special offences and domestic violence court, Ikeja, Rahman Oshodi, has struck out a N60 billion fraud case against former Ma [...]
Ex-AMCON director testifies in court against Union Bank in N76bn, $31.5m fraud
A former Executive Director of Credit at the Asset Management Corporation of Nigeria, AMCON, Abbas Jega, has told a Lagos court that Union Bank Plc fr [...]
Ahmed Kuru, ex AMCON MD, 4 others arraigned for defrauding Arik Air of N76bn, $31.5m
The Economic and Financial Crimes Commission, EFCC, has arraigned the former Managing Director of Asset Management Cooperation of Nigeria, AMCON [...]
Court issues arrest warrant against ex-AMCON boss Ahmed Kuru for fraud
An Ikeja special offences court in Lagos has issued an arrest warrant against Ahmed Kuru, a former managing director of Asset Management Corporati [...]
AMCON intensifies asset recovery efforts, enlists international asset tracers
In a bold move to recover outstanding debts of nearly N5 trillion, the Asset Management Corporation of Nigeria, AMCON, has announced plans to engage i [...]
CBN sells Polaris bank to Strategic Capital Investment Limited
The Central Bank of Nigeria (CBN) says it has completed the sales of Polaris Bank to Strategic Capital Investment Limited (SCIL), a new core investor [...]
Billionaire debtor! How Mike Adenuga deliberately ignores mountain of unpaid bills, evades multiple taxation
Like most wealthy Nigerians who show off a semblance of wealth while owing banks, institutions and companies billions of money in varying currencies, [...]
Tunde Folawiyo seeks injunction against AMCON’s ex parte order, dissociates self from defaulting company
Businessman, Tunde Folawiyo, has filed an exparte motion before a Federal High Court in Lagos seeking an order of stay of execution of an ex-par [...]
Tunde Folawiyo on verge of loosing prized assets to AMCON over N700m debt
Unable to uphold his late father's legacy which was running a debt free business, the scion of the Folawiyo’s dynasty, socialite and businessnan, Tija [...]