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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. 7 Lungi Street, Off Kampala Street, Off Ademola Adetokunbo Crescent, Wuse 2, Abuja

Residential A, Block of 4 Nos. 4 bedroom flat all ensuite on 2 floors with a security gatehouse.

Zenon Apartment

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

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

NO. 11/15, NKENCHO DRIVE, OFF AJOSE STREET, MENDE MARYLAND

Development on site is a building on four floors with a generator house and security house.

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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