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
Plot CL. 2A, Ikosi Road
The property comprises a multi storey commercial building and an industrial building.
Plot 896 (No 1) Ajose Adeogun Street Utako District, Abuja
Residential Estate comprising of 4 blocks of 6 (No.) 3 bedroom flats on 3 floors and a block of 24 (Nos.)
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.
Property along Western By-pass (former CBN Quarters) Gawon Nama Area, Sokoto Metropolis Residential.
Developments on the land include a block of Twelve ( 12) units of 3 bedroom flats
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.