Asset Management Corporation of Nigeria (AMCON) was established on the 19th July 2010
This Act seeks to establish the Asset Management Corporation of Nigeria for the purpose
Acquire Eligible Bank Assets (EBAs) from Eligible Financial Institutions (EFIs) at a fair value
No. 45, 46 & 48 Langfield Residential/Commnercial Layout, Bandang Area, Along Bukuru/Yakubu Gowon Express Way, Jos South Lga, Plateau State
Purpose built single storey (2 floors) of commercial block.
NO. 7 ORAKA UKAVWE LANE, WARRI, DELTA STATE
NO. 7 ORAKA UKAVWE LANE, OFF REFINERY ROAD, WARRI, DELTA STATE
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.