Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: Functions of asset management corperation of Nigeria
A: Asset Management Corporation of Nigeria (AMCON): Functions of AMCON AMCON shall perform the following functions in order to achieve its objects: a. acquiring Eligible Bank Assets from Eligible Financial Institutions in accordance with the provisions of the Act b. holding, managing, realizing and disposing of Eligible Bank Assets (including the collection of interest, principal and capital due
Question
Asked 8/13/2012 11:36:15 AM
Updated 8/13/2012 12:14:11 PM
1 Answer/Comment
Get an answer
New answers
Rating
0
Asset Management Corporation of Nigeria (AMCON):

Functions of AMCON

AMCON shall perform the following functions in order to achieve its objects:

a. acquiring Eligible Bank Assets from Eligible Financial Institutions in accordance with the provisions of the Act

b. holding, managing, realizing and disposing of Eligible Bank Assets (including the collection of interest, principal and
capital due and the taking over of collateral securing such assets) in accordance with the provisions of the Act

c. paying coupons on, and redeeming at maturity, bonds and debt securities issued by the Corporation as consideration for the acquisition of Eligible Bank Assets in accordance with the provisions of the Act

d. performing such other functions, directly related to the management or the realization of Eligible Bank Assets that
the corporation has acquired

e. Corporation has acquired, including managing and disposing assets acquired with the proceeds derived by the Corporation from managing or disposing of Eligible Bank Assets acquired by it

f. taking all steps necessary or expedient to protect, enhance or realize the value of the Eligible Bank Assets that the
Corporation has acquired

g. performing such other activities and carrying out such other functions which in the opinion of the Board are necessary, incidental or conducive to the attainment of the objects of the Corporation.

..............
Added 8/13/2012 12:14:12 PM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,992,174 questions answered
*
Get answers from Weegy and a team of really smart lives experts.
S
L
Points 230 [Total 248] Ratings 0 Comments 160 Invitations 7 Online
S
L
Points 130 [Total 130] Ratings 0 Comments 130 Invitations 0 Offline
S
L
R
Points 105 [Total 256] Ratings 1 Comments 5 Invitations 9 Offline
S
R
L
R
P
R
P
R
Points 66 [Total 734] Ratings 0 Comments 6 Invitations 6 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
P
P
Points 59 [Total 13326] Ratings 0 Comments 59 Invitations 0 Offline
S
L
1
R
Points 31 [Total 1447] Ratings 2 Comments 11 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 1 Comments 0 Invitations 1 Offline
S
L
Points 10 [Total 187] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 13] Ratings 0 Comments 10 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.