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Lagos - 02(01)2773210
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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
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Our available assets View All

33, Obafemi Awolowo Road, Ikeja, Lagos

The property comprises a three storey Shopping Plaza.

Plot 610 Hunkuyi Close, Cadastral Zone A3, Area 11, Garki, Abuja

Six Units (6 Units) of 3 bedroom flats on 3 floors and a detached 2 bedroom duplex.

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.

Plots of land at Ocean Bay Estate within Ojomu Housing Estate

Bare Land

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.

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