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
Plot P, 1st Avenue
Four storey commercial development.
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.
Property along Western By-pass (former CBN Quarters) Gawon Nama Area, Sokoto Metropolis Residential.
Developments on the land include a block of Twelve ( 12) units of 3 bedroom flats
NO. 7 ORAKA UKAVWE LANE, WARRI, DELTA STATE
NO. 7 ORAKA UKAVWE LANE, OFF REFINERY ROAD, WARRI, DELTA STATE
Metro Plaza
The property is a multitenant office complex which consists of 3 commercial blocks.