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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
Our available assets View All

No.5 (Plot 146C), Imam Abibu Adetoro Street, Off Ajose Adeogun

The Property is a purpose built Commercial development.

KM 2, Port Harcourt/Aba Expressway Port Harcourt, Rivers State

Development on site include 2 bay of warehouses and a security gate house all fenced round with sandcrete blockwalls and secured with a double leaf metal gate. Total land size 7,607.97 Sqm

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

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

PAN-SHAM PET BUILDING (FORMER FOAM FACTORY)

The property is an industrial building

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.

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