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Reform of the Nigerian Banking System – Assessment of the Asset
Management Corporation of Nigeria (AMCON) and Recent Developments

21 Pages Posted: 16 Feb 2012  

Duncan Alford

University of South Carolina School of Law; University of South Carolina - Coleman Karesh Law Library

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

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

Duncan Alford (Contact Author)

University of South Carolina School of Law ( email )

701 Main Street
Columbia, SC 29208
United States

University of South Carolina - Coleman Karesh Law Library ( email )

Main & Greene Streets
Columbia, SC 29208
United States

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