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
36/38 OJODU ABIODUN ROAD, ISHERI OJODU LAGOS
Development onsite consist of 4 structures
PLOT 10B & 11A ROAD A4 CLOSE, CARLTON GATE ESTATE
They are purpose built residential buildings comprising 2Nos 5-bedroom detached duplexes
KM 4 AYETORO LAFENWA ROAD ABEOKUTA OGUN STATE
This property is a non-operational factory comprising Land, Buildings, Plant & Equipment–Transformer, Industrial boilers & mixers, oil storage tanks, generator, industrial panes, heat exchanger, borehole machine etc. All P&E are in a fair state of repair. The property is in a location with high value appreciation and is a great investment opportunity
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.
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.