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.
25,792,056 questions answered
Popular Conversations
Aristotle was a student of Plato's. True False
Weegy: Aristotle was a student of Plato's. TRUE.
7/9/2017 6:34:10 PM| 1 Answers
Most collisions are caused by __________ A. drivers falling asleep at ...
Weegy: Most collisions are caused by driver's attitude.
7/9/2017 4:51:29 PM| 1 Answers
k2 + 3k + 2 = (k2 + k) + 2 ( __________ )
7/8/2017 8:58:45 AM| 1 Answers
Parasite can be Protozoa,fungi, or multicellular organisms. TRUE or ...
Weegy: Parasites can be protozoa, fungi, or multicellular organisms. TRUE.
7/7/2017 6:41:18 PM| 1 Answers
Development disabilities cannot be cured. TRUE or FALSE.
Weegy: Developmental disabilities cannot be cured. TRUE.
7/7/2017 6:00:57 PM| 1 Answers
. Classification of living things takes into consideration all of ...
Weegy: Classification of living things takes into consideration all of the following except: presence of cell ...
7/5/2017 12:07:33 PM| 1 Answers
What type of disorder is myasthenia gravis? A. Inflammatory ...
Weegy: Myasthenia gravis is a type of immune disorder. User: What surgical procedure involves breaking an ankylosed ...
7/5/2017 9:35:49 AM| 1 Answers
The lungs are the primary organ of the: digestive system respiratory ...
Weegy: The lungs are the primary organ of the: respiratory system. User: Endorphins are manufactured by the brain to ...
7/5/2017 6:54:42 AM| 1 Answers
During puberty you need more food and _____ to grow. oxygen carbon ...
Weegy: During puberty you need more food and oxygen to grow. User: Each cell in your body contains chromosomes.
7/5/2017 6:43:00 AM| 1 Answers
The condition of equilibrium that results in the displacement of the ...
Weegy: The condition of equilibrium that results in the displacement of the mantle by the continental and oceanic crust ...
7/10/2017 1:50:08 PM| 0 Answers
What is another name for the Circum-Pacific Belt? A. Pacific Ring ...
Weegy: Pacific Ring of Fire is another name for Circum-Pacific Belt
7/10/2017 1:47:35 PM| 0 Answers
Weegy Stuff
S
Points 29 [Total 30] Ratings 0 Comments 9 Invitations 2 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
S
P
P
L
P
P
P
Points 4 [Total 1734] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.