The Managing Director, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has identified lack of corporate governance and inadequate oversight as major challenges affecting growth of the nation’s aviation sector. Kuru, made this remark in a paper with the theme ‘Corporate Governance and Airline Industry development in Nigeria’ which he delivered as Guest […]
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has identified the adoption of risk-focused and rule-based regulatory framework, zero tolerance in regulatory framework for data/information rendition/reporting and infractions, and strict enforcement of corporate governance principles in banking sector as critical to achieving a stable banking system in the country. The apex bank […]
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, on Tuesday disclosed that the corporation had paid a total of N11.50 billion to depositors, creditors, shareholders and other stakeholders of closed financial institutions as at end of last year. This is even as he hinted that N368.43 million was recovered by the […]
The Central Bank of Nigeria (CBN) on Friday revoked the operating licence of Skye Bank Plc with immediate effect. The Governor of Central Bank, Godwin Emefiele, who disclosed this during a press briefing in Lagos, explained that following the regulatory decision, Polaris Bank would take over all the assets and liabilities of the defunct Skye […]
The Senate on Thursday gave its support to the Asset Management Corporation of Nigeria’s (AMCON’s) plans to publish names of debtors responsible for 80 percent of its N4.8 trillion bad debt. The Chairman of Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim, made the Legislature’s position on the issue known in […]
The Assets Management Corporation of Nigeria (AMCON) on Sunday said that the corporation was no longer ready to accommodate excuses for negotiations with debtors over unpaid debts, saying it will soon embark on takeover of their assets. The corporation’s Managing Director, Mr. Ahmed Kuru, who disclosed in a media chat in Abuja lamented that the […]
The Asset Management Corporation of Nigeria (AMCON), on Thursday disclosed that it had restructured its internal process to accelerate speedy disposals of assets. The corporation’s Managing Director, Ahmed Kuru, made the disclosure while declaring open a 2-day Asset Sales Strategy Retreat, which just ended in Abuja today, promising that the corporation is now well positioned […]
The Managing Director of Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has called on agencies saddled with the responsibility of regulating the aviation industry to adopt a more efficient regulatory enforcement approach in order to grow the industry. Kuru, who was a guest speaker at the 6th Nigeria Transport Awards And Lecture where he […]