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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

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

36/38 OJODU ABIODUN ROAD, ISHERI OJODU LAGOS

Development onsite consist of 4 structures

Plot 2266 off Udo Udoma Crescent, Asokoro

The property is a lake view bare land with no structural development. It is located within the low-density residential district of Asokoro and shares a common boundary to the north with the popular Pen Dam.

PLOT 10B & 11A ROAD A4 CLOSE, CARLTON GATE ESTATE

They are purpose built residential buildings comprising 2Nos 5-bedroom detached duplexes

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