Tag Archives: AMCON

Strong indications emerged last week that the slowdown in Nigeria’s property market for four successive quarters (from Q4. 2014 –Q3.2015) may have begun to take its tolls on the value of assets held by banks for the various facilities granted different classes of borrowers. Banking industry watchers believed the erosion of values of some of the assets acquired by banks ...

The Asset Management Corporation of Nigeria (AMCON) has taken over a property located at 8 Taylor Road in Ebute Metta, Lagos and owned by G. Cappa, a Nigerian construction company. The seizure of the property arose from the construction company’s alleged failure to pay a debt of more than N1.2 billion. Justice Chukwujekwu Aneke of the Federal High Court in ...