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
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.
36/38 OJODU ABIODUN ROAD, ISHERI OJODU LAGOS
Development onsite consist of 4 structures
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.
Plot 642 Akin Adesola street (Adeyemo Alakija),Victoria lsland, Lagos State
The property is situated as a corner piece land fronting Akin Adesola Way to one side and Adeyemo Alakija Way to the other side.
Plot 248 Cadastral Zone C02 Life Camp, Gwarimpa, Abuja
Block of 6 Nos. 2 bedroom flat with 1 room servant quarter and a security gatehouse.