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. 106/108 BROAD STREET, LAGOS ISLAND, LAGOS
A purpose-built 13 (Thirteen) floors high-rise concrete frame office structure
PALM BEACH ESTATE, ELEGUSHI
15.001 Hectares of Sand-Filled Ocean View Land.
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.
No.5 (Plot 146C), Imam Abibu Adetoro Street, Off Ajose Adeogun
The Property is a purpose built Commercial development.
No. 7 Lungi Street, Off Kampala Street, Off Ademola Adetokunbo Crescent, Wuse 2, Abuja
Residential A, Block of 4 Nos. 4 bedroom flat all ensuite on 2 floors with a security gatehouse.