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
Plots of land at Ocean Bay Estate within Ojomu Housing Estate
Bare Land
VARIOUS PLOTS OF UNDEVELOPED LAND, AJAH
VARIOUS PLOTS OF UNDEVELOPED LAND WITHIN AN ESTATE IN AJAH, ETI-OSA LGA, LAGOS STATE (ROYAL GARDENS)
Flat 6, 5A, George Street
One flat within a residential block of 6 units.
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.
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.