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All posts tagged "AMCON"

  • Alleged N13.9bn debt: You are lying, AMCON tells Babalakin

    Asset Management Corporation of Nigeria, AMCON, Wednesday, said that claims by Chairman of Bi-Courtney Limited, Dr. Wale Babalakin, SAN, that he was not indebted to the agency, was untrue and accused him of lying to the whole...

    • Posted February 14, 2013
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  • I’m not indebted to AMCON – Babalakin

    Bi-Courtney Limited (BCL) yesterday refuted claims that it owes the Asset Management Corporation of Nigeria (AMCON) N13.9 billion. According to BCL’s Chairman, Dr. Wale Babalakin, who addressed a press conference at the same premises purportedly taken over...

    • Posted February 12, 2013
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  • AMCON seizes Babalakin’s property over N13.5bn debt

    The Asset Management Corporation of Nigeria, AMCON, has taken possession of three property in Lagos and Rivers states, belonging to Chairman of Bi-courtney, Mr Wale Babalakin, over a N13.5 billion debt owed Guaranty Trust Bank, GTBank Plc....

    • Posted February 11, 2013
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  • Ikeazor appointed Keystone Bank MD/CEO

    Another change is imminent in Keystone Bank Limited as the current Executive Director, Corporate and International/Investment Banking and Treasury, Union Bank of Nigeria Plc, Mr. Philip Ikeazor, has been appointed the substantive Managing Director/Chief Executive Officer (CEO)...

    • Posted January 31, 2013
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  • Equities Market To Reach N20 trillion Market Capitalization in 2013 – Stakeholders

    The positive momentum of the Nigerian Stock Exchange (NSE) has continued to receive positive remarks from stakeholders in the national economy. The President of Chartered Institute of Stockbrokers (CIS), Mr. Ariyo Olusekun, has stated that the value of...

    • Posted January 7, 2013
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  • Femi Otedola Smiles to the Banks Again, Pays Off N141 billion AMCON Debt

    Controversial billionaire Femi Otedola can literally be said to be smiling to the bank as reports have shown he has paid off his N141 billion loan to the Asset Management Corporation of Nigeria (AMCON). Otedola and his...

    • Posted October 1, 2012
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  • MainStreet Bank Back to Profitability, Records N3 billion before H1, 2012

    Mainstreet Bank is on the lookout for new suitors as AMCON seeks to dispose off the asset to foreign or a consortium of local investors. The Bank disclosed in a statement that it made N3 billion group...

    • Posted August 14, 2012
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  • ‘AMCON is Beneficiary of London Court Ruling Against Akingbola’, says Access Bank

    The Asset Management Corporation of Nigeria (AMCON) will be the beneficiary of the $1.02 billion London Court ruling against Erastus Akingbola,  former Intercontinental Bank chief. Access Bank said it assumed all claims in litigation against Akingbola instituted...

    • Posted August 3, 2012
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  • AMCON May Take Keystone, Enterprise and Mainstreet banks Public

    The Managing Director of  the Asset Management Corporation of Nigeria (AMCON), Mustapha Chike-Obi, has disclosed that Keystone, Enterprise and Mainstreet banks may be re-listed (as it were) on the Nigerian Stock Exchange. The former Bank PHB, Spring...

    • Posted May 7, 2012
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  • AMCON Begins Seizure of Tonique Oil’s Properties

    The Asset Management Corporation of Nigeria (AMCON) has seized the properties of Tonique Oil Services, following a court order empowering it to do so. The statutory powers conferred on AMCON according to the AMCON act accessible here. The...

    • Posted March 1, 2012
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