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Lagos - 02(01)2773210
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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

Plot 11, House 7C Ogunyemi Street. Oniru Estate, V/I

Lagos

2.174 Ha Esuk Utan

Bare Land

Property at Airport Junction Sokoto-Kebbi Maiduguri road, Bado area of Sokoto (Bare land).

The site is an undeveloped land, irregular in shape, level, trim and well drained, bare land with total size of 11.56 Ha. The site is fenced round with wire mesh.

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.

VARIOUS PLOTS OF UNDEVELOPED LAND, AJAH

VARIOUS PLOTS OF UNDEVELOPED LAND WITHIN AN ESTATE IN AJAH, ETI-OSA LGA, LAGOS STATE (ROYAL GARDENS)

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