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NEWS HEADLINE

Business Philosophy

Asset Management Corporation of Nigeria (AMCON) was established on the 19th July 2010

AMCON Act

This Act seeks to establish the Asset Management Corporation of Nigeria for the purpose

Corporate Overview

Acquire Eligible Bank Assets (EBAs) from Eligible Financial Institutions (EFIs) at a fair value

Our corporate facts

N1.7trillion

worth of Acquired EBAs
Our available assets View All

Rigs Onome and Oritsetimeyin

Rigs Onome and Oritsetimeyin are part of the Eligible Bank Assets (EBAs) under Asset Management Corporation of Nigeria’s (AMCON) asset portfolio, acquired pursuant to AMCON’s statutory powers and mandate under the AMCON Act (as amended). The Rigs were acquired through a Loan Purchase and Limited-Service Agreement (‘LPLSA’) dated 2/1/12, with which AMCON bought over First Bank of Nigeria’s (‘FBN’) loan rights and the assets charged, mortgaged, or pledged as security with respect to the unpaid debt of Seawolf Oilfield Services Ltd. (now Seawolf Oilfield Services Ltd. (in receivership) (“Seawolf”) owed to FBN.

Okanje District, Cadastral Zone C13, Abuja

A purpose-built residential units at different stages of completion

Zenon Apartment

The property is a multitenant residential block with 12 units of 3-bedroom apartments.

KM 46, BENIN-AUCHI ROAD, EHOR, EDO STATE

KM 46, BENIN-AUCHI ROAD, EHOR, UHUNMWONDE LGA, EDO STATE

Plot 68 (Now 71) Sani Abacha Link Road, GRA, Phase 3, Port-Harcourt, Rivers State

The property measuring 2,360.32 Sqm is a  residential property located at Plot 68 (Now 71) Sani Abacha Link Road, GRA, Phase 3, Port-Harcourt, Rivers State.

The title avaialble for the property certificate of occupancy.

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