Toke Makinwa

Reports making the rounds reveal that popular media personality Toke Makinwa’s Banana Island home has been allegedly repossessed by AMCON.

Asset Management Corporation of Nigeria (AMCON) is a body established by the Act of the National Assembly of Nigeria on July 2010 with an intended 10 years lifespan.

Fans on Twitter reacted, stating that the home was reportedly bought for her by Festus Fadeyi, The Chairman, Pan Ocean Oil Corporation, an indigenous oil and gas company.

AMCON was created to be a key stabilizing and re-vitalizing tool aimed at resolving the non-performing loan assets. Read reactions below…

Asset Management Corporation of Nigeria is a body established by the Act of the National Assembly of Nigeria in July 2010 with an intended 10 years lifespan. The concept is in consonance with the operation of the National Asset Management Agency of the Republic of Ireland and Malaysia Pengurusan Danaharta.