AMCON Sells Ibadan Disco Stake in Debt Recovery Drive

AMCON sells Ibadan Disco stake in debt recovery drive

AMCON Announces Sale of IBEDC for ₦100 Billion

AMCON Announces Sale of IBEDC for ₦100 Billion Alade explained that the ₦100 billion covers AMCON’s 60 percent share in the company Identity of the company that acquired IBEDC unknown The Nigerian government, through the Asset Management Corporation of Nigeria (AMCON), has announced the sale of the Ibadan Electricity Distribution Company (IBEDC) for ₦100 billion. […] The post AMCON Announces Sale of IBEDC for ₦100 Billion appeared first on EkoHo…

AMCON sells Ibadan DisCo for N100bn - Newsy People

The Asset Management Corporation of Nigeria (AMCON) has confirmed the sale of the Ibadan Electricity Distribution Company (IBEDC), one of the five power distribution companies previously under its management. Gbenga Alake, managing director and chief executive officer of AMCON, made the disclosure during a media parley with senior media executives on Thursday, July 3.   Alake revealed that the company was sold for N100 billion and said AMCON wil…

AMCON boss blames obligors for Nigeria's economic woes

By Chioma Obinagwam The Managing Director and Chief Executive Officer ,(MD/CEO) of the Asset Management Corporation of Nigeria (AMCON), Mr. Gbenga Alade, has said that obligors of the Corporation damaged the Nigerian economy because they never intended to repay the loans they borrowed from various banks. Mr. Alade disclosed this to Confiance News during an interactive session with media executives in Lagos on Thursday. He said: “Unfortunately fo…

AMCON Announces Sale of Ibadan DisCo for N100bln, Handover Imminent

The Asset Management Corporation of Nigeria (AMCON) has announced the sale of the Ibadan Electricity Distribution Company (IBEDC) for N100 billion. The preferred bidder for IBEDC is expected to take over operations soon, marking a significant step in the ongoing reforms within Nigeria’s power sector. AMCON’s Managing Director/CEO, Mr. Gbenga Alake, announced the deal during a media briefing on Thursday, revealing that the renegotiated sale price…

AMCON Confirms Sale Of Ibadan DisCo As CSO Sues Over ‘Secretive’ Transaction

The Asset Management Corporation of Nigeria (AMCON) has confirmed the sale of the Ibadan Electricity Distribution Company (IBEDC) for ₦100 billion as the Federal Government moves to restructure troubled power distribution companies. However, the deal has already sparked fresh legal disputes amid allegations of secrecy and undervaluation. AMCON’s Managing Director and Chief Executive Officer, Gbenga […] The post AMCON Confirms Sale of Ibadan DisC…