November 22, 2024
APCON

The Assets Management Corporation of Nigeria (AMCON) says it will begin the process of seeking buyers for Polaris Bank when the general election is over.

Jude Nwauzor told Reuters on Tuesday that electioneering activities have slowed things down.

“The election season has slowed down things. We would advertise for expressions of interest from investors after elections and commence the sale process,” he said.

Polaris Bank was set up as a bridge bank to take over the assets of Skye Bank, which collapsed and had its operating licence revoked by the Central Bank of Nigeria.

Polaris was then transferred to the state-owned bad bank for sale to investors. AMCON has previously sold three other nationalised banks.

“The capitalisation of Polaris Bank Limited is being done by the Assets Management Corporation of Nigeria through the injection of about N786 billion to return the bank to soundness and profitability so as to enable its subsequent sale to credible and financially sound third-party acquirers,” Godwin Emefiele, governor of the Central Bank of Nigeria, had said when the licence was revoked.

Nwauzor said the corporation is already working on recovering the non-performing loans owed to Polaris and that AMCON has asked for repayment proposals.

The presidential election, in which President Muhammadu Buhari is seeking reelection into office, will hold on February 16.

AMCON was set up in 2010 to absorb non-performing loans from banks as part of efforts to resolve a financial crisis at that time

1,208 thoughts on “AMCON to Begin Polaris Bank Sale Process after Election.”

  1. I simply want to say I am beginner to weblog and actually liked this web blog. Almost certainly I’m planning to bookmark your blog post . You certainly have really good stories. Bless you for sharing your blog site.

    Reply

  11. I was wondering if you ever considered changing
    the structure of your website? Its very well written; I love what youve got to say.
    But maybe you could a little more in the way
    of content so people could connect with it better. Youve got
    an awful lot of text for only having 1 or two
    pictures. Maybe you could space it out better?

    Reply

  12. I don’t even know how I ended up here, but I thought this post was good.
    I don’t know who you are but definitely you’re going to a famous blogger if you
    aren’t already 😉 Cheers!

    Reply

  16. Ahaa, its pleasant discussion on the topic of this
    post at this place at this blog, I have read all that, so now me also
    commenting here. games ps4 185413490784 games ps4

    Reply

  17. Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your webpage?
    My blog is in the very same area of interest as yours and
    my visitors would certainly benefit from some of the information you present
    here. Please let me know if this okay with you. Thanks!

    Reply

  23. Hola! I’ve been reading your weblog for a long time now and finally got the bravery to go ahead and give you a shout out from Dallas Texas!

    Just wanted to tell you keep up the excellent work!

    Reply

  24. I used to be recommended this website via my cousin. I’m not
    positive whether or not this post is written by him
    as no one else know such specified approximately my difficulty.
    You’re wonderful! Thanks!

    Reply

  25. Hmm is anyone else experiencing problems with the images
    on this blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog.
    Any feedback would be greatly appreciated.

    Reply

  67. This will undoubtedly bring a new level of visibility to Ethereum Classic, which is a decentralized smart contract platform similar to Ethereum. In fact, Ethereum is a so-called hard fork of Ethereum Classic; it was created in July 2016 and the two projects share their blockchain history up until that point, though Ethereum got to keep the original name. Coinbase will demonstrate Base’s capabilities through a promotion with corporate partners, including Coca-Cola. Moreover, Ethereum Classic (ETC) is based on the original Ethereum blockchain. It was created during the hard fork of the Ethereum network in July 2016. However, the Coinbase Custody service will add support for deposits and withdrawals of ETC and thus the exchange market will be providing trading supports.
    https://spark-wiki.win/index.php?title=Ada_cryptocurrency
    It was reported in 2013 that Musk thinks Dogecoin could be used for Twitter transactions. On October 27, 2022, Elon Musk completed a deal to take Twitter private. This led to a sustained rise in Dogecoin from October 25 to October 29, with Dogecoin increasing as much as 46%. Based on the Dogelon Mars coin price prediction 2023, the average price of ELON tokens might be around $0.000000235, and the current price action shows that the price may increase by 130%. By the end of 2023, The maximum and minimum price of Dogelon Mars might reach around $0.000000333 and $0.000000137, respectively. How to Buy Shiba Inu: A Detailed Guide? This was followed by a series of Dogecoin-related tweets by Musk in early February 2021 captioned “Dogecoin is the people’s crypto” and “no highs, no lows, only Doge”. Following these tweets, the value of Dogecoin rose by roughly 40%.

    Reply

  92. Whether you’re starting from Square One, or you just need to brush up your game with a few poker strategy tips, Bovada Poker is here to help. Our poker strategy section will take you through the fundamentals, showing you everything you need to build a winning game plan – no matter how new you are at poker. And if you’re an intermediate player looking to improve your results, we have some nuggets of wisdom that you can use to build an advanced poker strategy and take your game to the next level. The current poker sites in the Keystone State include Borgata, partnered through partypoker, Bet MGM, and PokerStars. WSOP launched its site on the 888 poker platform in Pennsylvania in 2021, in time to offer WSOP bracelet events online in the state. PA will offer WSOP events online again in 2022.
    https://knoxtzbg096420.xzblogs.com/62494612/good-online-casino
    Three Card Monte 3 Card Poker is played as heads-up between the player’s hand and the dealer’s hand. When you think about how to play 3 Card Poker, you might wonder what the optimal strategy is. Since 3 Card Poker is a much simpler variant than other types of poker, and thus there are no community cards, there’s no way to add to, change, or manipulate the cards you’re dealt. With a standard house edge of 3.37% and an element of risk of 2.01%, three card poker (3CP) is a favorite among online and land-based gamblers alike. The game’s simple rules and attractive payouts help explain its appeal to so many casual gamblers. • No statutes or acts will be found at this website. Players then look through their cards (keeping them hidden from the other player!), remove any pairs of cards, then lay them facedown on the table. The player who did not deal the cards (Player One) holds up all of their cards in the shape of a fan, being careful to keep the cards hidden from their opponent. Player Two must draw one card from Player One’s hand. If the drawn card can make a pair with a card Player Two already has in their hand, they must lay the pair faceup on the table. 

    Reply

  563. Our online casino slots aren’t just a way to make money. The game is a great way to have fun and get lots of bonuses. The games will appeal to people of all ages and characters. We offer a huge selection of interesting slots of different genres and complexities with royal ace bonus codes . Slot machines will grab your attention from the first spin. You can find the most fascinating journey through the exciting gaming worlds in online casino! Sitemap Royal Ace Casino has a customer support team available at all times and every day of the week. Whether you wish to get in touch with a representative directly by a live chat, want to discuss more in details by email or give them a call, all of the methods are available. US and Canadian players have a toll-free number and international players will have a separate phone number they can use. Different departments at Royal Ace Casino have separate email addresses so you can direct your questions from the very beginning. Remember to check the frequently asked questions as well as they might have an answer for you already there.
    https://www.snabco.ru/fw/inc/sovety_po_prohoghdeniyu_house_flipper_osnovnye_missii_007.html
    Absolutely. Just as the dealer has no control over the outcome in a live game, online casinos can’t influence the results in their own games. By using something known as a random number generator (RNG), casinos are able to offer games that are 100% fair. RNGs are audited and certified by third-party testing agencies and any operator without a fair system won’t be granted a gaming license. Therefore, when you play roulette online for free or for real money, you can be confident the action is just as fair and entertaining as it was back in Pascal’s day. Roulette is a popular casino game that many do not realize has a lot of different variations that greatly affect your odds of winning. Thanks to the legalization of online gambling in New Jersey, the different types of roulette can be played from the comfort of your own home at every online casino in the state.

    Reply

  1050. Wer sich für den Bitcoin Handel interessiert aber nicht direkt in die digitale Währung investieren möchte, für den gibt es einige Alternativen wie binäre Optionen. Zudem kann die Währung auch über Forex– & CFD-Broker gehandelt werden. Hier werden keine Bitcoin erworben, sondern lediglich auf die Entwicklung des Kurses spekuliert. Dies ist bereits mit geringen Anlagebeträgen möglich. Teilen Sie einfach Ihre Details mit uns, und ein Vertreter eines unserer Partnerunternehmen wird sich bei Ihnen melden. Sie werden Sie Schritt für Schritt begleiten und Ihre Fragen auf dem Weg beantworten. Starten Sie noch heute Ihre Bildungsreise mit Bitcoin Trader. Unsere Mission ist es, Einzelpersonen von Grund auf zu unterstützen. Wenn Sie bereit sind, Ihr Wissen zu erweitern, registrieren Sie sich bei uns.
    https://wiki-cable.win/index.php?title=Ore_mine_bitcoin
    Ebenfalls interessant ist, dass die optimistischsten Berechnungen von einer Bitcoin Prognose 2030 von über 1 Million USD ausgehen. Was aus heutiger Sicht unrealistisch erscheint, ist durchaus ein mögliches Zukunftsszenario, wenn man bedenkt, dass die Steigerung in knapp 10 Jahren von derzeit rund 65.000 USD „nur“ rund 1.500% beträgt. In den vergangenen knapp 10 Jahren hat Bitcoin rund 10.000% zugelegt. Die Bitcoin Prognose 2030 ist also ambitioniert, aber nicht unmöglich. Mitte des Jahrzehnts soll nun das erste vollelektrische Ferrari-Modell auf den Markt gebracht werden. Zwar sollen die leistungsstarken Verbrennungsmotoren nicht von heute auf morgen aufgegeben werden, aber hinter der Konkurrenz von Lamborghini und Co. zurückzubleiben kommt natürlich auch nicht in Frage.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News

Troops

Nigerian  Army 6 Brigade troops arrests  two, recover  AK 47 riffles from kidnappers in Taraba State

November 20, 2024 17
IMG-20241119-WA0001

Ag.COAS assures on Army personnel  welfare, protection of Nigeria and citizens as top priority.

November 20, 2024 4