About Asset Management Corporation of Nigeria (AMCON)
Asset Management Corporation of Nigeria (AMCON) was established on the 19th July 2010, when the President of the Federal Republic of Nigeria signed the AMCON Act into Law. AMCON was created to be a key stabilizing and re-vitalizing tool aimed at r key stabilizing and re-vitalizing tool aimed at reviving the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy. To positively impact and improve the economy of Nigeria by; Complementing the recapitalization of affected Nigerian banks; Providing an opportunity for banks to sell off Non Performing Loans(NPLs); Freeing up valuable resources and enabling banks focus on their core activities. To propel the lending ideology in banks again. "To be a key stabilizing and re-vitalizing tool in the Nigerian economy." Core Values represent those central beliefs which guide the internal workings of the corporation namely: Professionalism Loyalty Integrity Fairness/Equity Excellence To be a key stabilizing and re-vitalizing tool in the Nigerian economy.
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