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.5 (Plot 146C), Imam Abibu Adetoro Street, Off Ajose Adeogun
The Property is a purpose built Commercial development.
No 5 Adeola Odeku Street, Victoria Island, Lagos State
Development on site comprises: Main Building (3 floor building originally designed as private residential structure but which has now been converted to commercial use), domestic staff quarters, gate house, ATM house, generator house
Plot 146,Cadastral Zone E05
Bare 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.
Plot CL. 2A, Ikosi Road
The property comprises a multi storey commercial building and an industrial building.