AMCON – City Business News

November 28, 2025 No Responses

Alleged N76bn, $31.5m Fraud: EFCC Presents Fourth Witness Against Ex-AMCON MD, Others

The Economic and Financial Crimes Commission, EFCC, on Friday, November 28, 2025, presented its fourth prosecution witness, PW4, Bawa Usman Kaltungo, in the ongoing trial of a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru,...

January 20, 2025 No Responses

Alleged 76b, $31.5m Fraud: EFCC Arraigns Ex- AMCON MD, Arik Air MD, Union Bank, Others

The Economic and Financial Crimes Commission (EFCC), on Monday, January 20, 2025, arraigned a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, current Managing Director of Arik Air, Captain Roy Ilegbodu, and Receiver...

November 25, 2021 No Responses

AMCON Boss Receives ‘Public Integrity Award 2021’ Plaque

The Managing Director/CEO of Asset Management Corporation of Nigeria (AMCON) who recently won the “Public Integrity Award 2021,” at the maiden edition of the New Telegraph Newspaper Awards 2021 in Lagos has been presented with the award plaque. ...

November 14, 2021 No Responses

AMCON Promotes Entrepreneurship Among Corps Members

The Asset Management Corporation of Nigeria (AMCON) has initiated an entrepreneurship and empowerment programme for members of the National Youth Service Corps (NYSC) posted to carry out their national service with AMCON. The scheme, which is tagge...

November 23, 2019 No Responses

SEC Nigeria Engages PENCOM, AMCON On Securities Lending

Determined to deepen liquidity in the nation’s bourse, the Securities and Exchange Commission (SEC) is engaging the National Pension Commission (PENCOM) and the Asset Management Corporation of Nigeria (AMCON) on securities lending. Acting Director-Gene...

September 18, 2019 No Responses

FG Sets Up Inter-Agency Task Force On N5t AMCON Debt Recovery

The Federal Government has taken another determined step in its bid to recover over N5 Trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal inauguration of an inter-agency Committee to speedily resolve the challe...

May 13, 2019 No Responses

Nigeria To Blacklist Firms Over N5tr AMCON Debts

The Nigerian Government has concluded plans to blacklist firms and individuals on the Asset Management Corporation of Nigeria’s (AMCON) debtors’ list. Under the proposed arrangement, they will no longer be allowed to do business with the govern...