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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

Zenon Apartment

The property is a multitenant residential block with 12 units of 3-bedroom apartments.

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 No 137 (No. 25 Oke Agbe Street), Cadastral District A03 Garki Abuja

The property is located along Ladoke Akintola Boulevard, Garki II, and Abuja. It is an uncompleted block of 6 units of 2 bedroom flats

PALM BEACH ESTATE, ELEGUSHI

15.001 Hectares of Sand-Filled Ocean View Land.

36/38 OJODU ABIODUN ROAD, ISHERI OJODU LAGOS

Development onsite consist of 4 structures

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