Download This PaperReform of the Nigerian Banking System – Assessment of the Asset Management Corporation of Nigeria (AMCON) and Recent Developments
21 Pages Posted: 16 Feb 2012
Date Written: February 2, 2012
Abstract
In 2010, Nigeria created the Asset Management Corporation of Nigeria (AMCON), a special resolution vehicle, designed to remove “toxic” assets from the country’s distressed banking system. This article briefly reviews AMCON’s effectiveness, its independence as reflected in its organizational structure and its sources of funding, and potential hindrances to achieving its goal of stabilizing the Nigerian banking system.
Keywords: Nigeria, banking, asset management company, Asset Management Corporation of Nigeria, AMCON
JEL Classification: G21, G28, K23, N27, N47
Suggested Citation: Suggested Citation
Alford, Duncan and Alford, Duncan, Reform of the Nigerian Banking System – Assessment of the Asset
Management Corporation of Nigeria (AMCON) and Recent Developments (February 2, 2012). Available at SSRN: https://ssrn.com/abstract=2006057 or http://dx.doi.org/10.2139/ssrn.2006057
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.