Title

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

Publication Date

2012

Volume

27

Document Type

Article

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.