Tag: diligence

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Silence is Golden (Especially When It’s About Your Land) by Lawson Akhigbe

In most functional societies, those quaint places where governments occasionally remember they exist to serve rather than to frustrate, when a citizen submits an application requiring official action, a few basic courtesies are observed. An acknowledgment. A request for missing documents if needed. Perhaps even a timeline, however optimistic. The machinery of state, however rusty, at least coughs to confirm it has received your papers.

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Ponzi Loans and Politicians by Lawson Akhigbe

AMCON has repeatedly noted that a small number of high-profile obligors (often 300–400 individuals/entities) account for 70–80% of its outstanding portfolio (peaking around ₦4.5–5 trillion in various reports). Many of these involve politicians or their allied companies, where debts originated from pre-AMCON bank loans (e.g., Union Bank, Skye Bank facilities) that turned non-performing due to factors like margin lending, poor governance, or economic shocks.

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Senator Debtor’s ‘Art of the Deal’: A 10-Step Guide to Evading AMCON Recoveries

Get the Loan. (This is the easy part). Preferably a large, multi-billion naira sum from a struggling bank. Use your political clout as collateral – it’s worth more than anything tangible!

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The Rules for Thee, but Nary for Me: How International “Justice” Lost the Plot by Lawson Akhigbe

For decades, we were instructed to nod politely at global summits while elites proclaimed that the rule of law is universal. Except, like a discount gym membership, universality apparently comes with fine print, blackout dates, and VIP exemptions reserved exclusively for nations backed by Western firepower.

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Overview of the Asset Management Corporation of Nigeria (AMCON) by Lawson Akhigbe

The Asset Management Corporation of Nigeria (AMCON) represents one of Nigeria’s most significant financial interventions in response to systemic banking distress. Its debt enforcement history reflects a blend of aggressive statutory powers, evolving legislative enhancements, notable operational successes, persistent challenges, and occasional perceptions of uneven application influenced by political or economic factors. Below is a thorough, chronological exploration of AMCON’s enforcement journey, including context, key mechanisms, statistics, notable cases (with nuances around the Ben Murray-Bruce/Silverbird matter), challenges, and broader implications.

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