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
17,589,637 questions answered
Popular Conversations
A list of potential sources of information for a paper is a(n) ...
Weegy: A list of potential sources of information for a paper in annotated bibliography. User: An index to ...
9/29/2014 2:50:04 PM| 4 Answers
You've settled on an idea for an essay to write. What should you do ...
Weegy: D.) Conduct interviews, do some research, ask questions, and make a plan. User: To make sure your reader ...
9/29/2014 5:55:28 PM| 4 Answers
What is the square root of 6000?
9/29/2014 2:39:45 PM| 3 Answers
Because the subject of a composition is like a crystal with many ...
Weegy: Because the subject of a composition is like a crystal with many facets, you should A. offer your reader ideas ...
9/29/2014 7:06:34 PM| 3 Answers
The densest ocean water is generally found a. in the surface ...
Weegy: A. in the surface zone User: In which zone is ocean temperature most affected by the weather? a. transition ...
9/30/2014 6:07:25 AM| 3 Answers
The pressure of ocean water increases as depth increases. User: The ...
Weegy: It originates in the Gulf of Mexico and, as the Florida Current, passes through the Straits of Florida and then ...
9/30/2014 6:27:02 AM| 3 Answers
In the Roman Republic, ____________ did not have power in the ...
Weegy: In the Roman Republic,non-citizens did not have power in the government.
9/29/2014 5:48:03 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 3249 [Total 27647]| Ratings 8| Comments 3169| Invitations 0|Offline
S
L
1
L
P
C
1
Points 2934 [Total 9465]| Ratings 12| Comments 2814| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 2732 [Total 18671]| Ratings 18| Comments 2552| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 2664 [Total 19836]| Ratings 12| Comments 2544| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 2548 [Total 12328]| Ratings 0| Comments 2548| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 917 [Total 12163]| Ratings 0| Comments 917| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 864 [Total 19395]| Ratings 2| Comments 844| Invitations 0|Offline
S
L
Points 733 [Total 1402]| Ratings 0| Comments 733| Invitations 0|Offline
S
1
L
L
Points 632 [Total 5755]| Ratings 4| Comments 592| Invitations 0|Offline
S
P
C
L
P
L
1
Points 176 [Total 6233]| Ratings 2| Comments 156| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.