AMCON

The Senate Committee on Banking, Insurance and other Financial Institutions has revealed that Assets Management Company of Nigeria, which was launched by the government to buy back bad debts by banks is now a drain on Nigeria’s economy. According to the committee, something has to be done to change this. ...

Reports on Wednesday night suggested that common sense senator Ben Murray Bruce is owing the sum of N11billion. Federal High Court in Lagos reportedly gave an order to Asset Management Corporation o f Nigeria (AMCON) to take over companies owned by Ben Murray Bruce. Senator Bruce and his business family ...