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All posts tagged "Chike Obi"

  • Bridged-Banks: Preferred bidders must retain staff – AMCON

    The Asset Management Corporation of Nigeria, AMCON, will not sell any of the three bridged banks, Keystone Bank, Mainstreet Bank and Enterprise Bank, to a core investor who will not preserve employment, says the Managing Director/CEO, Mr....

    • Posted May 30, 2013
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  • Chike-Obi: Why We Want to Commence Sale with Enterprise Bank

    The Asset Management Corporation of Nigeria (AMCON) has offered insights into its decision of the corporation to start the sale of its three banks – Enterprise Bank, Keystone Bank and Mainstreet Bank with Enterprise Bank. AMCON describes...

    • Posted May 27, 2013
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  • AMCON Begins Sale Of Debtors Assets, Engages Valuers To Evaluate Properties

    The Asset Management Corporation of Nigeria (AMCON) may soon commence sale of assets of defaulters as it has engaged 70 professional valuers to determine the appropriate value of assets and properties of borrowers transferred to the bad-assets...

    • Posted December 13, 2011
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  • President Goodluck Jonathan
    FG Plans Relief Package for Shareholders of Nationalised Banks

    Angry shareholders of three bridge banks who lost their investments due to government’s acquisition of the institutions can now heave a sigh of relief as latest indications from regulators show that the Federal Government may be considering...

    • Posted October 22, 2011
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  • AMCON ends purchase of bad loans Oct. 31 – Chike Obi

    The Asset Management Corporation of Nigeria (AMCON) will complete the acquisition of non-performing loans (NPL) from rescued banks in a N620billion 2009 bailout by October 31, its Managing Director, Mustapha Chike-Obi, said yesterday. At that date, AMCON would have...

    • Posted October 21, 2011
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  • AMCON Plans to Boost Bond-Sale Limit by 50%

    Asset Management Corp. of Nigeria, which buys non-performing debt from lenders in the West African nation, wants to raise the amount of bonds it is allowed to sell by 50 percent to 4.5 trillion naira ($29 billion)....

    • Posted August 31, 2011
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  • AMCON appoints new Management for Nationalised Banks

    Assets Management Corporation of Nigeria (AMCON) has appointed new managements and boards for Mainstreet Bank Ltd, Keystone Bank Ltd and Enterprise Bank Ltd, the three bridge banks set up by the Nigeria Deposit Insurance Corporation (NDIC) to...

    • Posted August 8, 2011
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