February 7, 2026
AMCON

Banks’ payments to the Asset Management Corporation of Nigeria (AMCON) sinking Fund are expanding even amid criticism from shareholders who have a conviction that such a deduction undermines their returns.

For instance, for the year ended December 2024, the ten largest banks collectively paid N503.82 billion in AMCON charges to the Apex bank in 2024, which represents 52.56 percent higher than 2023’s N330.28 billion, according to data gathered by MoneyCentral.

The banks covered in the review are United Bank for Africa (UBA) Plc, Zenith Bank Plc, Guaranty Holdings Plc, First Bank Plc, Fidelity Bank Plc, Access Bank (nine months numbers), Sterling Bank Plc, First City Monument Bank Plc, WEMA Bank, Stanbic IBTC Holdings, and Sterling Bank.

The levy represents banks’ contribution to a fund established by the AMCON Act to help AMCON in generating funds to extinguish its liability following the mop up of toxic assets held by banks in the aftermath of the 2008/2009 meltdown.

By the AMCON Act establishing the Sinking Fund, the banks are required to contribute an equivalent of 0.5% of their total assets plus 0.5% of all contingent assets as at the preceding year end to AMCON’s sinking fund in line with existing guidelines.

The Act became effective on January 1, 2013.

The contribution, according to the Act, is for a period of 10 years from the effective date of 1 January 2013. It is non-refundable and does not represent any ownership interest.

Shareholders are of the view that the Bad bank has served its purpose and it should be scrapped as they are losing a lot of money in the form of dividend.

They added that the government should bankroll the agency, not lenders who work hard for their money.

A breakdown of resolution costs shows Zenith Bank paid N92.20 billion in resolution costs as at December 2024, which is 60.68 percent from N57.38 billion as at December 2023.

First Bank incurred N80.02 billion in AMCON charge in 2024, which is 56.55 percent higher than 2023’s N51.12 billion.

United Bank for Africa (UBA) paid N71.91 billion in AMCON charge for the year ended December 2024, a 78.16 percent increase from 2023’s N40.36 billion.

Stanbic IBTC paid N26.26 billion in resolution costs in  2024, which is 26.26 percent higher than 2023’s N15.38 billion.

364 thoughts on “Shareholders laments N503.82bn banks payment to AMCON over sinking funds”

  2. دفتر گزارش‌های آماری سامانه سیدا ویژه مدارس، به عنوان یک منبع اطلاعاتی جامع شامل داده‌های کلیدی دانش‌آموزان از
    جمله مشخصات فردی، آدرس دقیق و پایه تحصیلی
    آنان، در دسترس مدیران مدارس از طریق سامانه مای مدیو قرار دارد.

    Reply

  6. Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!

    Reply

  14. اسامی پذیرفته‌ شدگان بدون آزمون دانشگاه آزاد، پس از اتمام فرآیند ثبت‌ نام و انتخاب رشته برای پذیرش بدون کنکور دانشگاه آزاد، اسامی پذیرفته‌ شدگان بدون آزمون دانشگاه آزاد از طریق وبگاه رسمی پذیرش این دانشگاه به نشانی azmoon.org منتشر خواهد شد.

    Reply

  16. ثبت نام دانشگاه آزاد بر اساس سوابق تحصیلی، داوطلبان گرامی که مایل به ادامه تحصیل در واحدهای دانشگاه آزاد هستند می‌توانند از طریق فرآیند ثبت نام دانشگاه آزاد بر اساس سوابق تحصیلی اقدام نمایند و در رشته و دانشگاه مورد نظر خود به ثبت‌نام بپردازند.

    Reply

  17. ثبت نام دانشگاه آزاد ورودی های جدید، با ثبت نام دانشگاه آزاد ورودی های جدید و گسترش واحدهای آموزشی خود در اقصی نقاط ایران و ارائه طیف وسیعی از رشته‌های تحصیلی در مقاطع گوناگون از کاردانی تا دکتری، فرصت ادامه تحصیل را برای تعداد زیادی از جوانان این فراهم آورده است.

    Reply

  18. ثبت‌ نام در آزمون ورودی دبیرستان ماندگار البرز، دانش‌آموزان علاقه‌مند به ثبت‌ نام در آزمون ورودی دبیرستان ماندگار البرز می‌بایست در بازه زمان ثبت نام آزمون دبیرستان ماندگار البرز، به وبگاه مربوطه مراجعه نموده و نسبت به تکمیل فرم نام‌نویسی اقدام نمایند.

    Reply

  138. Great – I should certainly pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your client to communicate. Nice task.

    Reply

  171. وی چمپیون، ترکیبی قدرتمند از سه نوع پروتئین وی (کنسانتره، ایزوله و هیدرولیزه) است که در هر سروینگ ۲۲ گرم پروتئین، ۴ گرم BCAA و ۳.۸ گرم گلوتامین فراهم می‌کند.

    Reply

  210. What’s Happening i’m new to this, I stumbled upon this I’ve found It absolutely useful and it has aided me out loads. I hope to contribute & help other users like its helped me. Good job.

    Reply

  218. Howdy would you mind letting me know which web host you’re using? I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads a lot quicker then most. Can you suggest a good internet hosting provider at a honest price? Thank you, I appreciate it!

    Reply

  219. I would like to thnkx for the efforts you have put in writing this blog. I’m hoping the same high-grade website post from you in the upcoming also. Actually your creative writing abilities has inspired me to get my own site now. Really the blogging is spreading its wings quickly. Your write up is a great example of it.

    Reply

  222. I was more than happy to search out this web-site.I wanted to thanks in your time for this wonderful learn!! I undoubtedly having fun with each little little bit of it and I have you bookmarked to take a look at new stuff you blog post.

    Reply

  229. Hello! Do you know if they make any plugins to assist with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results. If you know of any please share. Thanks!

    Reply

  273. I like this weblog very much, Its a very nice berth to read and get info . “There are two ways of spreading light to be the candle or the mirror that reflects it.” by Edith Newbold Jones Wharton.

    Reply

  274. This is really attention-grabbing, You’re an excessively skilled blogger. I’ve joined your feed and look ahead to in search of more of your wonderful post. Also, I’ve shared your site in my social networks!

    Reply

  275. I wanted to check up and let you know how, a great deal I cherished discovering your blog today. I might consider it an honor to work at my office and be able to utilize the tips provided on your blog and also be a part of visitors’ reviews like this. Should a position associated with guest writer become on offer at your end, make sure you let me know.

    Reply

  276. I just couldn’t leave your website before suggesting that I really enjoyed the usual information an individual supply on your visitors? Is gonna be back often in order to investigate cross-check new posts

    Reply

  277. of course like your web-site however you have to check the spelling on several of your posts. Many of them are rife with spelling problems and I find it very troublesome to tell the reality then again I will surely come back again.

    Reply

  280. It is perfect time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I want to suggest you some interesting things or suggestions. Perhaps you can write next articles referring to this article. I wish to read more things about it!

    Reply

  287. I think this is among the so much vital info for me. And i’m happy reading your article. But wanna remark on few common issues, The site style is wonderful, the articles is really excellent : D. Just right job, cheers

    Reply

  291. I was recommended this website through my cousin. I am not certain whether or not this submit is written through him as nobody else know such detailed about my difficulty. You’re incredible! Thanks!

    Reply

  293. Wow, amazing blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your site is wonderful, let alone the content!

    Reply

  294. I do not even know how I ended up here, but I thought this post was good. I do not know who you are but certainly you are going to a famous blogger if you are not already 😉 Cheers!

    Reply

  297. Kèo nhà cái bóng đá hôm nay mới nhất. Xem tỷ lệ kèo nhà cái 5 trực tuyến tối đêm nay chuẩn xác. Tỷ lệ kèo cá cược keonhacai 55 trực tiếp nhanh nhất 24h qua.

    Reply

  301. Beneficial Blog! I had been simply just debating that there are plenty of screwy results at this issue you now purely replaced my personal belief. Thank you an excellent write-up.

    Reply

  302. I don’t know if it’s just me or if everybody else experiencing issues with your site. It appears as though some of the written text on your content are running off the screen. Can someone else please provide feedback and let me know if this is happening to them as well? This could be a problem with my web browser because I’ve had this happen before. Appreciate it

    Reply

  303. It is the best time to make a few plans for the long run and it is time to be happy. I’ve read this publish and if I may just I want to counsel you few attention-grabbing things or tips. Maybe you can write next articles referring to this article. I want to read even more things approximately it!

    Reply

  304. of course like your web-site however you have to check the spelling on several of your posts. Many of them are rife with spelling problems and I find it very troublesome to tell the reality then again I will surely come back again.

    Reply

  318. That is really fascinating, You’re an excessively skilled blogger. I’ve joined your rss feed and look forward to in the hunt for extra of your magnificent post. Additionally, I’ve shared your website in my social networks!

    Reply

  322. It’s the best time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I wish to suggest you some interesting things or tips. Maybe you can write next articles referring to this article. I wish to read even more things about it!

    Reply

  327. Excellent read, I just passed this onto a colleague who was doing some research on that. And he actually bought me lunch because I found it for him smile Therefore let me rephrase that: Thanks for lunch! “Do you want my one-word secret of happiness–it’s growth–mental, financial, you name it.” by Harold S. Geneen.

    Reply

  328. I favored your idea there, I tell you blogs are so helpful sometimes like looking into people’s private life’s and work.At times this world has too much information to grasp. Every new comment wonderful in its own right.

    Reply

  333. I loved your idea there, I tell you blogs are so exciting sometimes like looking into people’s private life’s and work. Every new remark wonderful in its own right.

    Reply

  338. Good post. I study something more difficult on different blogs everyday. It’s going to always be stimulating to learn content material from other writers and observe a little bit one thing from their store. I’d prefer to use some with the content material on my blog whether you don’t mind. Natually I’ll give you a link in your web blog. Thanks for sharing.

    Reply

  342. I just couldn’t leave your web site prior to suggesting that I really enjoyed the standard info an individual supply to your guests? Is going to be again continuously in order to inspect new posts

    Reply

  344. Most often since i look for a blog Document realize that the vast majority of blog pages happen to be amateurish. Not so,We can honestly claim for which you writen is definitely great and then your webpage rock solid.

    Reply

  345. These kind of posts are always inspiring and I prefer to read quality content so I happy to find many good point here in the post. writing is simply wonderful! thank you for the post

    Reply

  346. Took me time to read all the comments, but I really enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here It’s always nice when you can not only be informed, but also entertained I’m sure you had fun writing this article.

    Reply

  352. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

    Reply

  355. Hello there I am so delighted I found your weblog, I really found you by mistake, while I was searching on Google for something else, Anyhow I am here now and would just like to say cheers for a remarkable post and a all round exciting blog (I also love the theme/design), I don’t have time to browse it all at the moment but I have book-marked it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the superb work.

    Reply

  360. We absolutely love your blog and find the majority of your post’s to be exactly what I’m looking for. Do you offer guest writers to write content to suit your needs? I wouldn’t mind composing a post or elaborating on a number of the subjects you write about here. Again, awesome weblog!

    Reply

  361. Hi, I just hopped over to your web-site through StumbleUpon. Not somthing I might typically browse, but I liked your views none the less. Thanks for making something worthy of reading through.

    Reply

Leave a Reply

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

Related News

Nto

Abia group threatens to occupy MOUAU until Edeh releases the promotion of Nto

February 6, 2026 76
Loyalits

Kwankwaso receives massive crowd of Kwankwasiyya loyalists from Dawakin Kudu.

February 6, 2026 14