Reform 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
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