Question and answer
Functions of asset management corperation of Nigeria
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.
Questions asked by the same visitor
How can i check my 2013 waec result please?
Weegy: The results for WAEC May/June 2012/2013 are already out. Good luck! (More)
Question
Expert Answered
Asked 8/12/2012 6:06:00 AM
0 Answers/Comments
what is ecosistem?
Weegy: An ecosystem is a community of living organisms (plants, animals and microbes) in conjunction with the nonliving components of their environment (things like air, water and mineral soil), [ interacting as a system.[2] Ecosystems come in various sizes but usually encompass specific, limited spaces[3] (although it is sometimes said that the entire planet is an ecosystem).[4] Ecosystems are defined by the network of interactions among organisms, and between organisms and their environment. ] (More)
Question
Expert Answered
Asked 8/12/2012 6:59:01 AM
0 Answers/Comments
Closing day for submition of remidial forms of taraba state university
Weegy: Sorry, but the admission list is not yet released. (More)
Question
Expert Answered
Asked 8/12/2012 1:03:46 PM
0 Answers/Comments
Hw many pple passed waec dis year
Weegy: The West African Examination Council, (WAEC) yesterday released results of the May/June 2011 West African Senior School Certificate Examination, (WASSCE) with an abysmal 30 per cent of the candidates making credits in both English and Mathematics. [ [ Details of the result showed that the results of 81,573 candidates representing 5.29 per cent were withheld. Although the number of candidates who made credits in Maths and English was an improvement on last year's record of 25 per cent, education watchers contend that the result portends danger for Nigeria's future. The head of National office, Iyi Uwadiae who announced the result to newsmen at Indices Suite Garden, Abeokuta said a total of 472,906 candidates representing 30.99 had credit in both Mathematics and English language compared to last year where 337,071 candidates representing 24.94 per cent had credits in Mathematics, English and other subjects. Uwadiae stated that a total of 1,460,003 candidates representing 94.79 per cent had their results fully processed, while 80,247 candidates, representing 5.21 per cent had a few subjects still being processed due to various errors and omissions traceable to candidates. The head office maintained that a total of 1,540,250 candidates, consisting of 844,630 male and 695,620 female sat for the examination. Out of a total of 110 blind candidates who sat for the examination, 41 candidates representing 37.27 per cent obtained credit and above in five subjects. Uwadiae added, "618,924 candidates representing 40.55 per cent obtained credit and above in 6 subjects, 789,288 candidates representing 51.71 per cent obtained five credits and above while 943,187 candidates representing 61.80 per cent obtained credits in four subjects, whereas 1,084,817 candidates representing 71.08 per cent obtained credit and above in three subjects. A total of 1,223,359 candidates, representing 80.15 per cent obtained credit and above in 2 subjects". He stressed further ... (More)
Question
Expert Answered
Asked 8/13/2012 6:13:29 AM
0 Answers/Comments
Is international relatiomship a good course in the university
Weegy: Tufts is known for it's phenomenal IR program. Additionally, you should try city schools, as they are often right in the middle of things; GW, NYU, BU. Good luck! (More)
Question
Expert Answered
Asked 8/13/2012 10:03:46 AM
0 Answers/Comments
18,044,958 questions answered
Popular Conversations
Which type of verb can have a direct object? A. linking B. action ...
Weegy: Singapore will host RoboCup 2010. Verb : Host B. action BEST identifies the underlined verb. User: What is ...
10/29/2014 2:23:45 PM| 4 Answers
What is the product of 3 2/3 and 14 2/5? A. 52 4/5 B. 54 C. 42 ...
Weegy: B. 15/22 represents a proper fraction. User: 9/11 = /22 A. 4 B. 12 C. 18 D. 9 Weegy: 18/22 User: A ...
10/29/2014 10:31:27 AM| 3 Answers
Is the underlined clause independent or subordinate? When a hedgehog ...
Weegy: What is the underlined word of the sentence?
10/29/2014 10:36:46 AM| 3 Answers
What is the equation of a circle whose center is at the origin and ...
Weegy: the center is (1, 2) User: What is the length of the hypotenuse of a right triangle whose legs have lengths ...
10/29/2014 10:44:20 AM| 3 Answers
Factor 5k 2 - 35k 3.
Weegy: (a)5k^2(1 - 7k) is the answer. 5k^2(1 - 7k) = 5k^2 - 35k^3 User: Factor x 4 y 2 + x 3 y 3. Weegy: x+y=k is ...
10/29/2014 3:11:48 PM| 3 Answers
Factor n 3 - n 2 + 3n - 3.
Weegy: 5 = 3N - 1 N = 2 User: Factor z 3 - 2z 2 + 9z - 18. Weegy: (z - 12)(z + 12) = z^2 + 12z - 12z - 144; = ...
10/29/2014 3:20:43 PM| 3 Answers
when a financial institution is a mutual association, it means it is ...
Weegy: When a financial institution is a mutual association, it means it is owned by the management. User: Credit ...
10/29/2014 9:12:43 PM| 3 Answers
Factor x 2 + 29x - 30.
Weegy: The answer for x^2 + 29x - 30 is (x-1) (x+30) User: What is the product of (n - 8)(n + 2)? Weegy: (a + 3)(a - ...
10/29/2014 9:33:53 PM| 3 Answers
Which sentence correctly uses an objective case pronoun? A. Did her ...
Weegy: The sentence correctly using an objective case pronoun is: D. The founders of the company are Mike, me, and ...
10/29/2014 9:14:58 AM| 2 Answers
Translate the word phrase into a variable expression. The ...
Weegy: Four more than a number is 12.is translated into: x + 4 = 12 User: Which equation matches the ...
10/29/2014 9:26:49 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 3165 [Total 15540]| Ratings 0| Comments 3165| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 2070 [Total 11551]| Ratings 5| Comments 2020| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 1082 [Total 13311]| Ratings 1| Comments 1072| Invitations 0|Offline
S
L
Points 824 [Total 2223]| Ratings 0| Comments 824| Invitations 0|Offline
S
Points 625 [Total 626]| Ratings 7| Comments 555| Invitations 0|Offline
S
1
L
L
Points 551 [Total 6345]| Ratings 3| Comments 521| Invitations 0|Offline
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 435 [Total 435]| Ratings 1| Comments 425| Invitations 0|Offline
S
L
Points 79 [Total 1296]| Ratings 1| Comments 69| Invitations 0|Online
S
1
Points 63 [Total 681]| Ratings 0| Comments 63| Invitations 0|Online
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.