President Bola Tinubu has approved the appointment of a new management team for the Asset Management Corporation of Nigeria (AMCON). Mr. Gbenga Alade was appointed as Chief Executive Officer of AMCON. Alade succeeds Ahmed Kuru, who assumed office in August 2015. Special Adviser to the President on Media and Publicity, Ajuri Ngelale, announced the appointments in a statement he signed on Thursday, Feb. 22. Tinubu also appointed the three other executive directors, pending their confirmation by the …
Tag: AMCON
The Asset Management Company of Nigeria, AMCON, on Thursday, July 2, took possession of Pan Ocean Oil Corporation Nigeria Limited, and its affiliate companies owned by billionaire oil mogul, Festus Fadeyi, over an unpaid N240 billion loan debt. Justice Mohammed Liman of the Federal High Court sitting in Lagos had on June 22, granted an ex-parte application by counsel to AMCON, Kunle Ogunba SAN, to take interim possession of the assets of Pan Ocean over the unpaid loan. The court also granted the application by AMCON …