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 5/7 Odofin Park Estate Apapa Oshodi Expressway Lagos State
A large warehouse, an office block and a guard 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.
PLOT NO.7, ALHAJI YUSUF STREET
A mixed use residential / warehouse complex
Plots of land located within Ocean Bay Estate, Lafiaji, Lekki Epe Expressway, Lagos
Infrastructure within the estate includes well-paved roads, street lights, recreational parks, children's playground etc.
Zenon Apartment
The property is a multitenant residential block with 12 units of 3-bedroom apartments.